Japan's Canon Inc said Tuesday it is planning to take over Tokki Corp through the acquisition of some 3.07 million existing shares at 556 yen each between November 14 and December 12.

The world's largest digital camera maker said it will also purchase 14.2 million new Tokki shares at 417 yen each through a third party allocation.

Upon completion on both share purchases, Canon (nyse: CAJ - news - people ) will own 50 percent of Tokki, a maker of production equipment for OLED displays and thin film solar panels.