TOBA, INC. agreed to acquire Izumi Tech, K.K and Izumi Technical Lab Co., Ltd from Izumi Holding Company for ¥790 million.
January 21, 2024
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TOBA, INC. (TSE:7472) agreed to acquire Izumi Tech, K.K and Izumi Technical Lab Co., Ltd from Izumi Holding Company for ¥790 million January 22, 2024. Izumi Tech, K.K/Izumi Technical Lab Co., Ltd reported Consolidated sales of ¥29.8 billion, EBIT of ¥1.6 billion and Net Income of ¥1.4 billion on March 2023. Transaction is expected to complete on January 31, 2024.
TOBA,INC. is mainly engaged in the sales of control equipment, factory automation (FA) equipment and industrial equipment. The control equipment includes pneumatic devices, electronic sensors, pressure sensors, fluid couplings, vacuum devices and cushioning materials. FA equipment includes industrial robots, automatic assembly machines, surface mounting systems, laser processing machines and precision coating equipment. Industrial equipment includes electric screwdrivers, aluminum frames, automatic guided vehicles, conveyors, filtration filters and environmental systems. In addition, The Company is also engaged in the consulting to improve the efficiency of production facilities related to the above, machinery and equipment installation work and antiques trading business.
TOBA, INC. 
