Puequ CO.,LTD. completed the acquisition of Marine River Co., Ltd.
September 15, 2021
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Puequ CO.,LTD. (JASDAQ:9264) agreed to acquire Marine River Co., Ltd. on August 16, 2021. Marine River Co., Ltd. reported total assets of ¥265.925 million, net assets of ¥199.125 million, sales of ¥198.363 million, operating profit of ¥39.240 million and net income of ¥28.656 million as of September 2020. The transaction is expected to complete by mid September 2021 to late September 2021.
Puequ CO.,LTD. (JASDAQ:9264) completed the acquisition of Marine River Co., Ltd. on September 16, 2021.
Puequ CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of environment and energy related equipment, power and heavy machine related equipment, as well as disaster prevention and safety related equipment. The Company operates in three business segments. Environment and Energy segment is involved in the manufacture and sale of environment-related equipment aimed at water treatment and environmental improvement, as well as energy-related equipment, which are mainly composed of heat exchangers. Power and Heavy Equipment segment is involved in the manufacture and sale of marine machinery and parts, plant related equipment and other power related parts. Disaster Prevention and Safety segment is involved in the manufacture and sale of indoor and outdoor fire hydrants and pressurized water conveying devices for sprinkler fire extinguishing facilities.
PUEQU CO.,LTD. 
