Panasonic Industry Europe and Panasonic Electric Works Europe have merged to create stronger business partner for its customers
Panasonic Industry Europe is announcing that Panasonic Industry Europe GmbH (PIEU) and Panasonic Electric Works Europe AG (PEWEU) have successfully merged as of 1st October 2022.
Comments Johannes Spatz, President Panasonic Industry Europe: “Historically PEWEU and PIEU have had different roots and successful business models. Now we are bringing the two companies together to create one combined and even more successful, more resilient and more powerful company. The new Panasonic Industry Europe is ready to tackle the future challenges of new workstyle, new business and new market developments.”
The strategic corporate re-organisation will strengthen the position of Pansonic Industry Europe in the market and will create an even stronger business partner for its customers. All customers will benefit from the combined experience and high-quality capabilities as well as from the unified portfolios of products and services.
With the concluded merger entry into the commercial register, all commercial agreements and similar legal relationships of PEWEU are fully and automatically transferred to PIEU in accordance with the applicable provisions of the German Reorganisation of Companies Act (Umwandlungsgesetz). Therefore, neither an amendment nor a novation of existing agreements is necessary for customers.
For more information about Panasonic Industry Euope please visit: http://industry.panasonic.eu