Bsp Incorporated completed the acquisition of 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers.
January 24, 2014 at 09:30 am IST
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Bsp Incorporated (JASDAQ:3800) agreed to acquire an additional 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers for approximately ¥850 million on December 26, 2013. Bsp Incorporated will acquire 1.22 million shares and will increase holding to 1.96 million shares in Beacon Information Technology Inc. Bsp Incorporated will become a subsidiary of Beacon Information Technology. Beacon Information Technology reported net assets of ¥3.01 billion, total assets of ¥4.87 billion, sales of ¥3.08 billion, operating loss of ¥59.47 million and net income of ¥199.11 million for year ended March 2013. The transaction is subject to shareholders' approval. Board of Directors of Bsp Incorporated made a resolution in favor of the transaction on January 17, 2014. The transaction is expected to close on January 20, 2014. The advisory expenses were ¥49 million.
Bsp Incorporated (JASDAQ:3800) completed the acquisition of an additional 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers on January 24, 2014.
UNIRITA Inc. is mainly engaged in the Information Technology (IT) business. The Company operates in five business segments. The Cloud business segment provides group products and services as cloud services in areas such as data utilization, system operation, labor management and back office operations. The Product business segment develops and sells package software for in-house developed open systems and provides maintenance services. The Solution business segment provides consulting on data utilization and IT system operation, and provides various technical support. The Mainframe business segment provides development and sales of packaged software related to IT system operation for mainframe systems, and provides maintenance services. The System Integration business segment provides enterprise information systems mainly for customers in the information and communications industries, retail and retail industries, and manufacturing industries.
Bsp Incorporated completed the acquisition of 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers.