H.PIO Co., Ltd. (KOSDAQ:A357230) agreed to acquire a 65% stake in Geoinfotech Innovation Co., Ltd. from Water Bear Cape 1st New Technology Business Fund for KRW 15.2 billion on December 29, 2021. As part of the transaction, H.PIO will acquire 22,609 shares in Geoinfotech. As of November 2021, Geoinfotech reported total assets of KRW 20.4 billion and total equity of KRW 11.5 billion.

The transaction is expected to complete on December 31, 2021.