Rozetta Corporation (TSE:6182) agreed to acquire GMO Quicktranslate, inc from GMO CLOUD K.K. (TSE:3788) for approximately ¥120 million on November 30, 2017. Rozetta Corporation will acquire 600 shares as part of the transaction. GMO QUICKTRANSLATE, Inc. had total assets of ¥87.3 million, net assets of ¥61.7 million, revenue of ¥230.3 million, operating profit of ¥24.8 million and net income of ¥16.9 million in 2016. The transaction was resolved by the Board of Directors of GMO CLOUD K.K. on November 30, 2017. The share transfer agreement for the transaction is expected to be signed on November 30, 2017. The transaction is expected to close on December 15, 2017.

Rozetta Corporation (TSE:6182) completed the acquisition of GMO Quicktranslate, inc. from GMO CLOUD K.K. (TSE:3788) in December 2017.