Lime-i Co., Ltd. acquired Indoor Location Based Service business division from UbiVelox Co., Ltd. for KRW 8.8 billion.
September 16, 2014 at 12:00 am
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Lime-i Co., Ltd. acquired Indoor Location Based Service business division from UbiVelox Co., Ltd. (KOSDAQ:A089850) for KRW 8.8 billion on September 16, 2014. A meeting is scheduled for September 16, 2014 and the Board of Directors of UbiVelox passed a resolution for the transaction on September 16, 2014. The transaction is expected to complete on September 16, 2014.
Lime-i Co., Ltd. completed the acquisition of Indoor Location Based Service business division from UbiVelox Co., Ltd. (KOSDAQ:A089850) on September 16, 2014.
UBIVELOX Inc is a Korea-based company that mainly develops and provides system software. The Company operates through three segments. The Black Box and Map Platform Business segment is mainly engaged in the provision and sale of black boxes for vehicles. Additionally, this segment is engaged in the development and provision of navigation. The Smart Card Business segmemt is principally engaged in the development and provision of smart card sales and system construction. The Mobile Business segment is mainly engaged in the provision of My Data service, beacon supply, and mobile platform solutions.
UBIVELOX INC 
