(NSI News Source Info) April 3, 2009: European helicopter maker Eurocopter s
aid April 2 it had taken over Euriheli, its distributor in Japan, buying up 80 percent of its shares and absorbing it into one of its subsidiaries.
"From April 1, 2009, the personnel and activities of Euroheli have been fused with those of Eurocopter Japan," the company said in a statement.
The move could help Eurocopter "develop its presence on the defense market in Japan," it quoted its chief executive Lutz Berling as saying. It currently claims 57 percent of the Japanese civil helicopter market.
Eurocopter, a division of the major European Aeronautic Defence and Space Company (EADS), said it boosted its overall stake in Euroheli to 90 percent by buying 80 percent from Japan's Itochu group. Itochu retained a 10-percent stake.
aid April 2 it had taken over Euriheli, its distributor in Japan, buying up 80 percent of its shares and absorbing it into one of its subsidiaries.
"From April 1, 2009, the personnel and activities of Euroheli have been fused with those of Eurocopter Japan," the company said in a statement.
The move could help Eurocopter "develop its presence on the defense market in Japan," it quoted its chief executive Lutz Berling as saying. It currently claims 57 percent of the Japanese civil helicopter market.
Eurocopter, a division of the major European Aeronautic Defence and Space Company (EADS), said it boosted its overall stake in Euroheli to 90 percent by buying 80 percent from Japan's Itochu group. Itochu retained a 10-percent stake.
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