inspec Inc. (TSE:6656) agreed to acquire an additional 38% stake in First EIE SA from Michel A. Juillerat and Sylvain C. Skynazy for CHF 3.3 million on July 18, 2017. As per the terms of the deal, inspec Inc. will acquire 1,900 shares of First EIE SA. Michel A. Juillerat will sell 33% stake and Sylvain C. Skynazy will sell 5% stake in First EIE SA. inspec Inc. already had 51% stake in First EIE SA. Post-completion, inspec Inc. will own 89% stake in First EIE SA. First EIE SA Ltd had total assets of CHF 2.52 million, net assets of CHF 1.44 million, sales of CHF 5.21 million, operating income of CHF 0.06 million and net income of CHF 0.01 million for the year ended December 31, 2016. The Board of Directors of inspec Inc. resolved the deal on July 18, 2017. The share transfer date is expected to be July 28, 2017. inspec Inc. (TSE:6656) completed the acquisition of an additional 38% stake in First EIE SA from Michel A. Juillerat and Sylvain C. Skynazy on August 8, 2017.