Odawara Auto-Machine Mfg. Co., Ltd. cancelled the acquisition of Bus and Railway Information System Related Business of Shizuki Electric Company Inc..
July 07, 2018
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Odawara Auto-Machine Mfg. Co., Ltd. (JASDAQ:7314) agreed to acquire Bus and Railway Information System Related Business of Shizuki Electric Company Inc. (TSE:6994) on July 7, 2017. Bus and Railway Information System Related Business generated sales of ¥4520 million and operating income of ¥85 million in the year ended March 31, 2017. The transaction is resolved by the board of Odawara Auto-Machine Mfg. Co., Ltd. on July 7, 2017. The transaction is expected to close on September 30, 2017.
Odawara Auto-Machine Mfg. Co., Ltd. (JASDAQ:7314) cancelled the acquisition of Bus and Railway Information System Related Business of Shizuki Electric Company Inc. (TSE:6994) on July 7, 2018.
ODAWARA AUTO-MACHINE MFG.CO.,LTD. is a Japan-based company engaged in the development, manufacture and sale of bus fare collection equipment and the provision of maintenance services for its products. The Company's products and goods include bus fare collection equipment-related products, such as fare collection equipment with immediate calculating function and general function, and safes and software for fare collection equipment, card equipment-related products, such as magnetic card systems, noncontact integrated circuit(IC) card systems and software for card equipment, as well as other equipment for bus, such as numbered ticket issuing equipment, checkout devices, data management servers, liquid crystal display (LCD) fare displays and related software, among others. The Company is also involved in the manufacture and sale of light-emitting diode (LED) fare displays, routing display systems, roll paper for numbered ticket issuing equipment.