GMO Tech, Inc. agreed to acquire web application business from GMO Solution Partner, Inc. for ¥94.8 million.
November 27, 2017
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GMO Tech, Inc. (TSE:6026) entered into an agreement to acquire web application business from GMO Solution Partner, Inc. for ¥94.8 million on November 27, 2017. As per terms, rights and obligations of the web application business will be acquired. The consideration is payable in cash. The transaction was resolved by the board of directors of GMO Tech, Inc. and GMO AD Partners Inc., parent of GMO Solution Partner, Inc. on November 27, 2017. The transaction is expected to close on January 1, 2018. Global Partners Consulting, Inc. and Kumagai Tanaka & Tsuda acted as independent appraiser and legal adviser respectively for GMO Tech, Inc.
GMO Tech Inc is a Japan-based company mainly engaged in the provision of Web marketing digital transformation (DX) services. The Company operates business through two segments. The Customer Attraction Support segment provides search engine marketing (SEM) and affiliate services. SEM services include map engine optimization (MEO) service, that takes measures to make it easier for search users to find store information and others when searching on Google Maps (local search), and measures to display higher rankings. The Company provides search engine optimization (SEO) consulting to display homepage at the top of search engines. Affiliate services include GMO SmaAD, a performance-based advertising service for smartphones, and GMO SmaAFFi, an affiliate advertising service that maximizes sales for advertisers and media owners. The Real Estate Tech segment operates application platforms for rental owners and tenants, and contract digitization services for real estate rental procedures.
GMO TECH, INC. 