HBA Corporation and Tecnos Data Science Engineering Incorporated (TSE:7046) signed a contract to acquire 30.4% stake in Keyware Solutions Inc. (TSE:3799) from NEC Corporation (TSE:6701) for ¥1.6 billion on July 31, 2019. HBA and Tecnos Data Science Engineering will acquire 1.39 million shares representing 15.2% stake each from NEC Corporation at ¥580 per share. As a result, HBA and Tecnos Data Science Engineering will become largest shareholders of Keyware Solutions Inc. Transaction was resolved by Board of Keyware Solutions Inc. on July 31, 2019. Completion is expected on August 2, 2019.

HBA Corporation and Tecnos Data Science Engineering Incorporated (TSE:7046) completed the acquisition of 30.4% stake in Keyware Solutions Inc. (TSE:3799) from NEC Corporation (TSE:6701) in July 2019.