Founded in 1918 as Matsushita Electric Industrial Co, Panasonic is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. Panasonic equipment is now world-renowned in industries including home entertainment, broadcast and telecoms.
The company was founded by Konosuke Matsushita as a distributor of duplex lamp sockets. In 1927, it began manufacturing and selling bicycle lamps, the first product which it marketed under the brand name National. During WW2 the company began to be involved in the production of electrical components and appliances such as light fixtures, motors, electric irons, wireless equipment, and its first vacuum tubes.
In 1961 Matsushita opened the first operation in the USA producing television sets. Panasonic equipment ranges then expanded quickly into a variety of home entertainment products, from radios to video. In 1983 Matsushita launched the Panasonic Senior Partner, the first fully IBM PC compatible Japanese-made computer and launched fully into the manufacturing of PC motherboards and circuitry.
Panasonic has grown hugely in the early 2000’s through expansion into digital TV and advanced audio systems and, also, through acquisition. It acquired Japanese giant Sanyo in 2008 and in 2012 Firepro Systems, an India-based company in infrastructure protection and security solutions industry.