UNITED, Inc. completed the acquisition of an unknown majority stake in TriFort, Inc.
October 10, 2018
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UNITED, Inc. (TSE:2497) entered into an agreement to acquire unknown majority stake in TriFort, Inc. from a group of sellers for ¥3.6 billion on September 27, 2018. Under the terms of the transaction, UNITED, Inc. will acquire 1.45 million common shares, 0.6 million class A preferred shares, and 0.25 million class B preferred shares. Upon completion, UNITED, Inc. will have 75% voting rights in TriFort, Inc. Upon completion, TriFort, Inc. will operate as subsidiary of UNITED, Inc. For the year ended March 2018, TriFort, Inc. reported total assets of ¥1.1 billion, net assets of ¥490.7 million, sales of ¥1.6 billion, operating income of ¥80.7 million, and net income of ¥61.4 million. The transaction was resolved by the Board of UNITED, Inc. on September 27, 2018. The transaction is expected to close on October 11, 2018.
UNITED, Inc. (TSE:2497) completed the acquisition of an unknown majority stake in TriFort, Inc. from a group of sellers on October 11, 2018
Pole To Win Holdings Inc, formerly Poletowin Pitcrew Holdings, Inc., is a holding company mainly engaged in the provision of Internet-related debug and verification services. The Company operates through two segments. The Testing and Verification & Evaluation segment is engaged in the detection of software bugs through the provision of debug services for home-use software, social applications, mobile contents, contents for smart phones and tablet personal computers (PCs), PC software, as well as pachinko (Japanese pinball) and pachisuro instruments, verification services for information technology (IT) home electronics, as well as translation services for home-use games, mobile contents and PC software. The Internet Supporting segment is engaged in the detection of illegal and harmful information. In addition, the Company is also engaged in the publishing and media businesses.