OVAL Corporation (TSE:7727) concluded a basic agreement to acquire Vortex Flowmeter Business from Yokogawa Electric Corporation (TSE:6841) on August 22, 2018. OVAL Corporation will conclude business transfer agreement with Yokogawa Electric Corporation in 2018. OVAL Corporation concluded a business transfer contract to acquire Vortex Flowmeter Business from Yokogawa Electric Corporation on November 26, 2018. The consideration will be settled in cash. A corporate resolution was passed on the transaction on November 26, 2018. The transaction is expected to close in April, 2019. As of November 26, 2018, the transaction is expected to complete on April 1, 2019.

OVAL Corporation (TSE:7727) cancelled the acquisition of Vortex Flowmeter Business from Yokogawa Electric Corporation (TSE:6841) on August 22, 2019.