Kuzen Co., Ltd. completed the acquisition of AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. and others.
June 28, 2024
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Kuzen Co., Ltd. agreed to acquire AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. (TSE:2722) and others on May 20, 2024. Currently, Concierge holds 1.84 million shares equating to 97.9% shares of AlfaCom. As part of the transaction, Concierge will acquire 1.88 million shares in AlfaCom, 97.9% from Concierge and 2.1% from other shareholders. As a result of this share transfer, AlfaCom will be removed from the consolidated subsidiary of Concierge from the fiscal year ending May 2025. The transaction is expected to close on June 28, 2024.
Kuzen Co., Ltd. completed the acquisition of AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. (TSE:2722) and others on May 20, 2024.
IK Holdings Co Ltd is a Japan-based company mainly engaged in the direct marketing business, which sells miscellaneous goods, food, and cosmetics directly to end consumers, the sales marketing business, which wholesales the same products, and the information technology (IT) solutions business, which provides construction and support for chat systems and contact centers. The Company operates through three segments. The Direct Marketing segment is engaged in the retail business of selling SKINFOOD cosmetics through television (TV) shopping, internet shopping, and brick-and-mortar stores. The Sales Marketing segment is engaged in the wholesale business to consumer cooperatives, mail-order companies, retail stores, and overseas partner companies. The IT Solutions segment is engaged in the sale of chat systems and voice call recording systems.