Sansei Technologies, Inc. (TSE:6357) acquired 70% stake in Forrec Limited for CAD 0.01 million on December 1, 2023. FORREC will continue to operate as a separate company, with daily operations remaining with FORREC management. A new Board will combine the expertise of the Sansei Technologies group of companies and FORREC team members.

Sansei Technologies, Inc. (TSE:6357) completed the acquisition of 70% stake in Forrec Limited on December 1, 2023. Jeff Acton and Suguru Sasaki of BDA Partners was exclusive financial advisor, and Simmon & Simmons and MacMillan were the legal advisors, to Sansei on the transaction.