Inbound Tech Inc. (TSE:7031) agreed to acquire 65% stake in OmniGrid Co., Ltd. from EPARK, Inc. for ¥930 million on October 18, 2021. Inbound Tech Inc. will acquire 18,590 shares in OmniGrid Co., Ltd. OmniGrid management structure after the acquisition of shares will be Chairman and Representative Director Yutaka Shimodaizono (Note) Chairman and Representative Director of Inbound Tech Inc. Masato Kawamura, President and CEO Director (part-time) Dai Toma (Note) President and CEO of Inbound Tech Inc. Director (part-time) Shuji Naito (Note) Executive Officer of Inbound Tech Inc. Director (part-time) Kenichi Komura (Note) General Manager of EPARK, Inc. Audit & Supervisory Board Member (Part-time) Masayuki Kaneko (Note) Senior Managing Executive Officer of Inbound Tech Inc. OmniGrid Co., Ltd. consolidated business reported sales of ¥423.843 million and reported operating profit ¥126.421 million for the fiscal year ending March 2021. The transaction resolved by board of directors of Inbound Tech Inc. The transaction is expected to be complete on November 1, 2021.