ADTEC Corporation (JASDAQ:6840) agreed to acquire web solution business of X Technology Inc. on May 24, 2013. ADTEC Corporation will establish a wholly-owned subsidiary named Edgecrew Co., Ltd. on May 30, 2013 and will merge the business into Edgecrew. The web solution business reported sales of ¥75.55 million for the year ended March 2013.

The Board of Directors of ADTEC Corporation has resolved to undertake the transaction on May 24, 2013 and the transaction is expected to close on May 31, 2013.