DB Inc. (KOSE:A012030) agreed to acquire FIS System from BK A&G Co., Ltd. for KRW 94.9 billion on March 16, 2018. Stock definitive agreement was signed on March 21, 2018. As per terms, 0.2 million shares will be acquired in cash. The consideration is payable on closing date. The consideration will be funded from loan and own funds of DB Inc. For the year ended 2017, FIS System reported sales of KRW 47.7 billion and net profit of KRW 13 billion. As of December 31, 2017, FIS System reported total assets of KRW 50.6 billion and net assets of KRW 45.5 billion. The Board of Directors of DB Inc. resolved the deal on March 16, 2018. The deal is expected to close on May 2, 2018. Ernst & Young, Korea acted as external rating institute. DB Inc. (KOSE:A012030) completed the acquisition of FIS System from BK A&G Co., Ltd. on May 2, 2018. Consideration payment was completed.