Shobunsha Publications, Inc. completed the acquisition of Guruyaku business of TRAVELERS, inc.
March 30, 2017
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Shobunsha Publications, Inc. (TSE:9475) signed a contract to acquire Guruyaku business of TRAVELERS, inc. on March 17, 2017. Guruyaku business reported sales of ¥51 million in the year 2016. The deal was resolved by the Board of Directors of Shobunsha Publications on March 17, 2017. The deal is expected to close on March 31, 2017.
Shobunsha Publications, Inc. (TSE:9475) completed the acquisition of Guruyaku business of TRAVELERS, inc. in March 2017.
Shobunsha Holdings Inc is a Japan-based company engaged in the provision of maps and travel information. The Company mainly operates through Maps & Travel Information Provision segment. The Company is engaged in the planning, production, publishing and sale of maps, magazines and guidebooks, through the map data and guide data the Company developed. The Company is engaged in the planning, development, sales of application software and Website advertising business. The Company is also involved in the provision of travel-related platform, the management of resort facility, as well as the call center business, local tour arrival and departure tour reservation business and activities business. The Company's publications include maps, magazines, guidebooks, and practical books.