coLAB. Co., Ltd. entered into share transfer agreement to acquire XERO inc. from Peers Co.,Ltd. (TSE:7066) for JPY 10 million on January 18, 2023. As of September 2022, XERO inc. reported total assets of JPY 80 million, revenue of JPY 110 million, operating income of JPY 59 million and net income of JPY -61 million.

The deal is expected to close on January 20, 2023.