Nitto Kogyo Corporation (TSE:6651) signed a contract to acquire Engineering Solution business of Wacom Co., Ltd. (TSE:6727) on September 13, 2017. Under the terms of the transaction, the Engineering Solution business will be split into a newly formed company to be named as ECAD Solutions Co., Ltd. After the split the shares of ECAD Solutions Co., Ltd. will be acquired by Nitto Kogyo Corporation. Nitto Kogyo Corporation will acquire 200 shares of ECAD solutions.

Engineering Solution business of Wacom reported sales of ¥682 million and operating loss of ¥32 million for the year ended March 31, 2017 and reported total assets of ¥659 million as of March 31, 2017. The transaction is resolved by the Board of Wacom. The transaction is expected to complete on December 1, 2017.