PCI Holdings, Inc. acquired Sord Corporation from AG No. 2 Investment Limited Partnership managed by Aspirant Group, Inc.
February 01, 2021
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PCI Holdings, Inc. (TSE:3918) signed an agreement to acquire Sord Corporation from AG No. 2 Investment Limited Partnership managed by Aspirant Group, Inc. for ¥4.2 billion on December 15, 2020. Under the terms, PCI Holdings will acquire 9.98 million shares from AG No. 2 Investment Limited Partnership. For the year ended March 2020, Pacific System had net assets of ¥2.52 billion, total assets worth ¥6.65 billion, net sales of ¥10.63 billion, operating profit ¥437 million and net profit of ¥314 million. The transaction was resolved by the board of PCI Holdings, Inc. on December 15, 2020. Closing date of share purchase is January 15, 2021.
PCI Holdings, Inc. (TSE:3918) completed the acquisition of Sord Corporation from AG No. 2 Investment Limited Partnership managed by Aspirant Group, Inc. on January 31, 2021.
PCI Holdings, INC. is a Japan-based company principally engaged in the information services business. The Company operates in three segments. The Technical Solutions segment is engaged in the software development business. The Business Solutions segment is engaged in the construction of information technology (IT) systems, the provision of solutions utilizing packaged software products planned and developed by the Company, the operation and maintenance of systems, as well as the purchase and sale of other hardware, among others. The Internet of Things (IoT) and Internet of Everything (IoE) Solutions segment is engaged in the provision of IoT and IoE solutions. The Company is also involved in the dispatching of information technology (IT) engineers.