Relo Group, Inc. signed a contract to acquire Nissho Vecs Co., Ltd. from Hiromichi Taoka and Grand Interior Co., Ltd.
April 01, 2021
Share
Relo Group, Inc. (TSE:8876) signed a contract to acquire Nissho Vecs Co., Ltd. from Hiromichi Taoka and Grand Interior Co., Ltd. on April 2, 2021. Relo Group, Inc. also agreed to acquire Nissho Kanri Service, K.K. and Grand Interior Co., Ltd. The combined deal value is ¥8.6 billion. The Board of Directors of Relo Group, Inc. passed a resolution for the transaction on April 2, 2021. The transaction is expected to be completed on April 5, 2021.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
