Almedio Inc. completed the acquisition of storage device business from Teac Corporation.
Almedio Inc. (TSE:7859) signed a business transfer contract to acquire storage device business from Teac Corporation (TSE:6803) on June 30, 2014.
Almedio Inc. (TSE:7859) completed the acquisition of storage device business from Teac Corporation (TSE:6803) on July 31, 2014. The amount of products, parts, and other assets was scheduled to be determined on early-August, 2014. However, the delivery of some products which was expected by July 31, 2014, has been delayed to late-August, 2014. Also, the finalization of the transfer amount of some plant assets is delayed until August, 2014.