Totech Corporation (TSE:9960) entered into an agreement to acquire Quantum Automation Pte. Ltd. from EDMI Limited for ¥4 billion on May 11, 2021. Under the terms, Totech Corporation will acquire 2 million shares in Quantum Automation.

The financials of Quantum Automation Pte. Ltd. for December 31, 2020, are total assets of ¥2.67 billion, net assets of ¥1.67 billion, revenues of ¥2.35 billion, operating income ¥351 million and ¥321 million. The transaction is expected to close on September 30, 2021.

The transaction expected closing date is postponed and yet to be determined. The closing of the transaction expected to be after January, 2022 and will inform as soon as the execution date of the share transfer is confirmed. As per the article on March 24, 2022, The transaction is expected to close on March 30, 2022.