Japan Elevator Service Holdings Co.,Ltd. acquired Unieco Vietnam Company Limited.
November 29, 2021
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Japan Elevator Service Holdings Co.,Ltd. (TSE:6544) and an individual investor agreed to acquire UNIECO VIETNAM COMPANY LIMITED from the shareholders on November 8, 2021. Post completion, Japan Elevator will have 51% voting rights in UNIECO VIETNAM and the name will be changed to JAPAN UNIECO ELEVATOR SERVICE COMPANY LIMITED. For the Fiscal year ending December 2020, UNIECO VIETNAM reported Net assets of VND 6.35 billion, Total assets of VND 14.21 billion, operating profit of VND 171 million, Sales of VND 16.74 billion and Net income of VND 143 million. Transaction is expected to complete Late November 2021.
Japan Elevator Service Holdings Co.,Ltd. (TSE:6544) completed the acquisition of Unieco Vietnam Company Limited in November 2021.
JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the provision of the maintenance and inspection service for elevators and escalators, as well as the renewal service for elevators. The Company operates three kind of businesses. The maintenance and inspection business is involved in the provision of maintenance, inspection, replace and repair services for the engine performance and the operation safety of elevators and escalators. The renewal business is involved in the provision of a full range of main componentsâ replacing service, the removal service of products already in the field, as well as the new setting service for elevators which are installed 20 years ago. The others business is involved in the sale of parts for elevatorâs maintenance.