LOCKON Co., LTD. (TSE:3690) signed a basic agreement to acquire AdRepo business of EVERRISE Co., Ltd for ¥200 million on May 8, 2018. An agreement has been signed on August 10, 2018. The transaction is resolved by the Board of LOCKON Co., LTD on May 8, 2018. Meeting of the shareholders of EVERRISE is expected by August 28, 2018. An agreement is expected to be concluded in July 2018 and the transaction is expected to complete in September 2018. As of August 10, 2018, deal is expected to close on October 1, 2018. YAMADA Consulting Group Co., Ltd. acted as third party appraiser to LOCKON.