Toshiba To Enter U.S. Market

Toshiba To Enter U.S. MarketOn Monday, Toshiba Corp of Japan said it is planning to enter the smart home energy market in the United States at the end of this year. The company expects to generate 10 billion yen ($129.68 million) in revenue by the fiscal year ending March, 2016.

The company will use Swiss-based Landis+Gyr that it bought in a $2.3 billion deal last May for moving into the smart grid market in the United States.

Toshiba said it expects the small community business to generate 900 billion yen ($11.67 billion) global sales by fiscal year 2015 and 140 billion yen ($1.82 billion) in sales to be generated in the United States.

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