Shibata Intech, K.K. cancelled the acquisition of Xiot, K.K. from Medius Holdings Co., Ltd..
May 20, 2020
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Shibata Intech, K.K. entered into an agreement to acquire Xiot, K.K. from Medius Holdings Co., Ltd. (TSE:3154) on May 21, 2019. Under the terms, 0.009 million shares were acquired as a part of the transaction. Xiot had total assets worth approximately CNY 930 million, sales worth CNY 2.3 billion and net income worth approximately CNY 100 million.The transaction has been approved by the board of Medius. The transaction is expected to close on July 1, 2019.
Shibata Intech, K.K. cancelled the acquisition of Xiot, K.K. from Medius Holdings Co., Ltd. (TSE:3154) on May 21, 2020.
MEDIUS HOLDINGS Co., Ltd. is a Japan-based company mainly engaged in the sale and maintenance of medical equipment, as well as the sale and rental of nursing care equipment. The Company operates through two business segments. The Medical Equipment Sales segment sells medical equipment to domestic healthcare facilities, such as hospitals. The Care and Welfare business segment is engaged in sales and rental of nursing care equipment purchased from Japanese nursing and welfare equipment manufacturers, agents, trading companies, to medical institutions such as domestic hospitals and general individuals. In addition, the Company is also engaged in sales of nursing care and welfare equipment purchased from domestic and foreign manufacturers to medical institutions such as hospitals and medical material dealers.
MEDIUS HOLDINGS CO., LTD. 