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Panasonic and Technics are brand names of Matsushita Electric Industrial Co Ltd in Japan (MEI), one of the world’s biggest manufacturers of consumer electronics with a 3rd position on the Fortune 500 Electronics & Electrical Equipment Index. The company was founded in 1918 in Osaka, Japan by Konosuke Matsushita and has grown from only 3 employees to more than 260,000 people worldwide. Panasonic has been active in Europe since 1962, when they founded their first sales office in Hamburg, Germany.