Japan Ecosystem Co., Ltd. completed the acquisition of remaining 86% stake in Nissin Bridge Engineering Co., Ltd. from Norimichi Hibino and Yuko Hibino.
February 22, 2022
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Japan Ecosystem Co., Ltd. (TSE:9249) agreed to acquire remaining 86% stake in Nissin Bridge Engineering Co., Ltd. from Norimichi Hibino and Yuko Hibino on January 19, 2022. The deal is subject to Japan Ecosystem Co., Ltd. (TSE:9249) bard approval. As of January 19, 2022 Japan Ecosystem Co., Ltd. (TSE:9249) board approved the deal. The deal is expected to complete on February 15, 2022. As of February 15, 2022, Japan Ecosystem resolved to conclude a share transfer agreement with shareholders. If the acquisition of the shares is carried out as planned, Nissin Bridge Engineering will become a consolidated subsidiary of Japan Ecosystem from the second quarter of the fiscal year ending September 2022. The deal is expected to complete on February 23, 2022.
Japan Ecosystem Co., Ltd. (TSE:9249) completed the acquisition of remaining 86% stake in Nissin Bridge Engineering Co., Ltd. from Norimichi Hibino and Yuko Hibino on February 23, 2022.
Japan Ecosystem Co Ltd is mainly engaged in the public service business, environmental business and transportation infrastructure business. The Company operates through three business segments. The Public Service segment is involved in the design, manufacture, sale, equipment installation, maintenance, operation of totalizer system in public stadium. The Environmental segment is involved in the design, construction and maintenance of renewable energy power generation equipment for industrial solar power, as well as the sale of electricity. The Transportation Infrastructure segment is involved in the engineering for highway structure inspection, telecommunications equipment maintenance, traffic control, as well as the maintenance for accident disaster recovery, snow and ice countermeasures, traffic regulation. The Company is also involved in the system maintenance business, information and communication technology (ICT) solution provision business and real estate related business.
Japan Ecosystem Co., Ltd. completed the acquisition of remaining 86% stake in Nissin Bridge Engineering Co., Ltd. from Norimichi Hibino and Yuko Hibino.