Printnet Inc. (JASDAQ:7805) signed a business transfer agreement to acquire netde.com from Shinkosha Co., Ltd. for ¥120 million on October 11, 2019. As per terms, all intangible fixed assets and usage points required for printing mail order sites and their operations will be acquired and consideration is payable in cash. The Board of Directors of Printnet Inc. resolved the transaction on October 11, 2019. The deal is expected to close on November 1, 2019. There will not be any impact on the results for the fiscal period ending October 2019.