OYO Corporation (TSE:9755) agreed to acquire 66.7% stake in Sanyo Techno Marine,Inc from Civil Engineering And Eco-Technology Consultants Co., Ltd., Kensetsu Kankyo Techno Service Co., Ltd. and others on December 13, 2023. As of June 30, 2023, Sanyo Techno Marine,Inc generated net assets of ¥1.2 billion and total assets of ¥3.1 billion. The transaction is expected to close on February 14, 2024.