UPFRONT

Akiyama Back in Business

TOKYO—Shanghai Electric Group (SEC) and Morningside Group (MS) jointly announced the companies have purchased the business rights of Akiyama Printing Machinery Manufacturing through each subsidiary companies in both groups.The new company will be called Akiyama International (AIC) and will succeed all business of Akiyama Printing Machinery. SEC manufactures heavy equipment while MS is a global investment company. The acquisition includes properties, buildings, facilities and patents. AIC commenced operation on January 28 after hiring back a large portion of the employees from the former company. AIC will promote and market the J Print perfector presses and the Bestech model presses.