At a meeting convened today, the Board of Directors of Fuji Electric Holdings Co., Ltd. (the "Company") resolved to implement an absorption-type merger with Fuji Technosurvey Co., Ltd., a wholly owned subsidiary of the Company.
This merger is a simple absorption-type merger of a wholly owned subsidiary, and accordingly certain disclosure items and details have been omitted.
1. Objective of the merger
As previously announced, the Company is scheduled to merge with Fuji Electric Systems Co., Ltd. effective April 1, 2011, as one step toward its goal of being a global company with operations centered on the field of “energy and the environment.”