ThreePro Group Inc. (TSE:2375) agreed to acquire WELLCOM IS Corporation from Mineto Murata and other shareholder for approximately ¥370 million in stock on July 31, 2015. As a part of consideration, 235 shares of ThreePro Group will be exchanged for one share of WELLCOM IS Corporation. A total of 1.04 million shares of ThreePro Group will be exchanged. Mineto Murata is selling 47.64% stake in WELLCOM IS Corporation. For the period ending December 31, 2014, WELLCOM IS Corporation reported total assets of ¥0.48 million, net assets of ¥0.16 million, revenue of ¥0.69 million, operating profit of ¥0.03 million and net profit of ¥0.02 million. As on August 28, 2015, the transaction was approved by the shareholders of WELLCOM IS Corporation. The deal is expected to close on August 31, 2015.

ThreePro Group Inc. (TSE:2375) completed the acquisition of WELLCOM IS Corporation from Mineto Murata and other shareholder on August 31, 2015.