Zuken Inc. completed the acquisition of 46% stake in Zuken Elmic, Inc. for ¥1.3 billion.
June 23, 2024
Share
Zuken Inc. (TSE:6947) made an offer to acquire remaining 59.59% stake in Zuken Elmic, Inc. (TSE:4770) for ¥430 per share on May 13, 2024. The tender offer commencement period is May 14, 2024 to June 24, 2024. The minimum number of shares to be purchased is 1,650,110 shares out of planned 3,745,024 shares. Daiwa Institute of Research Ltd. acted as financial advisor and Yamashita Law Office acted as legal advisor to Zuken. G-FAS Corporation acted as financial advisor and City-Yuwa Partners acted as legal advisor to Zuken Elmic.
Zuken Inc. (TSE:6947) completed the acquisition of 46% stake in Zuken Elmic, Inc. (TSE:4770) for ¥1.3 billion on June 24, 2024.
ZUKEN ELMIC, INC. is a Japan-based company mainly engaged in the middleware business. Its middleware business targets three business fields. The IP Security field includes a middleware library (KASAGO series: TCP / IP protocol stack, Ze-PRO series: ONVIF, SIP, RTP). The In-vehicle Communication field includes a middleware library (Ze-PRO series: Mirror Link, Ethernet AVB). In the Industrial field, it provides the middleware library (KASAGO series: ECHONET Lite, Ze-PRO series: F / S Gateway), Ze-PRO F / S EVA evaluation kit, hardware IP (YAMAME TOE Lite YAMAME series), wireless LAN modem Ze-Module WLAN, communication board, industrial emulator, communication control system construction tool SoftCom GEM 300, IPsec encryption module IP-Cipher, application package choco stop Finder.