Tomen Devices Corporation (TSE:2737) agreed to acquire an additional 30% stake in ATMD (Hong Kong) Limited from ACL International Holdings Limited for $3.6 million on September 26, 2013. Tomen Devices will acquire additional 3 million shares of ATMD (Hong Kong) from ACL International and following the completion of the deal, Tomen will own 98% stake in ATMD. ATMD had net assets of $10 million and total assets of $94 million as of September 26, 2013.

The deal is resolved by the Board of Tomen Devices Corporation on September 26, 2013. The transaction is expected to complete in November, 2013.