Santec Corporation (JASDAQ:6777) agreed to acquire JGR Optics Inc. from Pierre Leonard on October 21, 2021. As per the transaction, Santec Corporation will acquire 100 shares of JGR Optics Inc. In 2020, JGR Optics Inc. generated net worth of CAD 2.5 million, total assets of CAD 4.9 million, sales of CAD 11.3 million and net income of CAD 2.1 million. The transaction is expected to complete on October 29, 2021. BDO Canada LLP acted as due diligence provider to the company

Santec Corporation (JASDAQ:6777) completed the acquisition of JGR Optics Inc. from Pierre Leonard on November 1, 2021.