Kandenko Co., Ltd. completed the acquisition of Sato Kensetsu Kogyo Co.,Ltd. from Asahi Revital Fund, a fund managed by Phoenix Capital Co., Ltd.
October 26, 2016
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Kandenko Co., Ltd. (TSE:1942) concluded a share transfer agreement to acquire Sato Kensetsu Kogyo Co.,Ltd. from Asahi Revital Fund, a fund managed by Phoenix Capital Co., Ltd. on September 16, 2016. Pursuant to the transaction, Kandenko will acquire all outstanding shares of Sato Kensetsu and Sato will operate as a subsidiary of Kandenko. For the period ending in March 2016, Sato Kensetsu had sales of approximately ¥10.36 billion, operating profit of ¥550 million and current profit of ¥557 million. The transaction is scheduled to be completed on October 27, 2016.
Kandenko Co., Ltd. (TSE:1942) completed the acquisition of Sato Kensetsu Kogyo Co.,Ltd. from Asahi Revital Fund, a fund managed by Phoenix Capital Co., Ltd. on October 27, 2016.
Kandenko Co Ltd is a Japan-based company engaged in the facilities construction business, the electric equipment sales business, the real estate business, the leasing business and the power generation business. The Equipment Engineering segment is engaged in the business related to electricity, pipe work and other equipment. This segment is also engaged in construction security business, as well as design and calculation business. The Company is engaged in the real estate business and the power generation business, the electrical equipment sales business and the leasing business. The Company is also involved in lease business of land, buildings and vehicles. The Company is also involved in the manufacture, sale and maintenance of software for cable television operators.