Looop Inc. agreed to acquire 60% stake in Niigata Prefectural Electric Power Co., Ltd. and Yotsuba Electric Power Co., Ltd. from C.I. Medical Co.,Ltd..
June 29, 2021
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Looop Inc. agreed to acquire 60% stake in Niigata Prefectural Electric Power Co., Ltd. and Yotsuba Electric Power Co., Ltd. from C.I. Medical Co.,Ltd. (JASDAQ:3540) on June 29, 2021. The transaction is expected to close on June 30, 2021. The impact of the on C.I. Medical Co.,Ltd.'s fiscal year ending December 2021 will be minor, and there will be no change in the earnings forecast associated as a result of the transaction.
C.I.MEDICAL CO.,LTD. is a Japan-based company engaged in mail order sales to dental clinics, dental laboratories and other various medical institutions. Mail order sales segment sells products purchased from domestic and overseas wholesalers and manufacturers to domestic dental clinic and other healthcare professionals. Mail order distributions include Ci Medical for dental clinic, nurse+care for clinic, DENTAL LABO for dental laboratory, Vet for veterinary medical materials and pharmaceutical, FreshCare for nursing care facilities and welfare facilities, Medical catalog for hospitals and general clinics, Demiline dental clinic catalog for dental clinics, dental fit for patients and the MEX business for pharmacies. It also provides computer aided design (VAD) and computer aided manufacturing (CAM) dental technology production business, dental magazine publishing business, solar power generation business, and website creation agency business for dental clinics and dental laboratories.
Looop Inc. agreed to acquire 60% stake in Niigata Prefectural Electric Power Co., Ltd. and Yotsuba Electric Power Co., Ltd. from C.I. Medical Co.,Ltd..
C.I. MEDICAL CO.,LTD. 