Almedio Inc. (TSE:7859) signed an agreement to acquire storage device business from Teac Corporation (TSE:6803) for ¥4 million in cash on June 19, 2014. The storage device business reported sales of JPY 2.89 billion for the period ended March 31, 2014. The transaction is expected to complete by June 30, 2014 and transfer of assets by July 31, 2014.

Almedio Inc. (TSE:7859) signed a business transfer contract to acquire storage device business from Teac Corporation (TSE:6803) on June 30, 2014.