ELEMENTS, Inc. agreed to acquire 50.1% stake in AD Medica Inc. for ¥625 million.
January 25, 2024
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ELEMENTS, Inc. (TSE:5246) agreed to acquire 50.1% stake in AD Medica Inc. for ¥625 million on January 25, 2024. The consideration consists of ¥625 million towards 338 shares. Kazuhiro Kawamura holds 70.1% stake and AD Medica Inc. holds 29.9% stake in AD Medica.
The transaction is expected to complete by February 29, 2024.
ELEMENTS Inc is a Japan-based company mainly engaged in the research and development of image recognition engines and data analysis platforms. The Company is engaged in the development and provision of personal authentication solutions such as LIQUID eKYC, an online identity verification service and personal optimization solutions in food, clothing, and housing utilizing biometrics, image analysis, and machine learning technologies. Personal authentication solutions include the biometric authentication business, which develops authentication services using biometric information. Personal optimization solutions include the behavioral analysis business, which develops personal optimization services for offices and residences, and the body shape analysis business, which develops personal optimization services for women's shoes and personal optimization services for clothing, as well as the purchase analysis business, which develops personal optimization services for food retail.