Segue Group Co., Ltd. signed a letter of intent to acquire 60% stake in First One Systems.
October 18, 2023
Share
Segue Group Co., Ltd. (TSE:3968) signed a letter of intent to acquire 60% stake in First One Systems on October 17, 2023. First One Systems reported Total revenue of THB 232.9 million, Total assets worth THB 147.3 million, Net Income of THB 40.4 million and Total Common equity of CNY 86 million in December 2022. Transaction is expected to complete on January 2024.
As of March 31, 2024 Segue Group Co., Ltd resolved to enter into a stock transfer agreement with First One Systems. Transaction is expected to complete on May 2024.
Segue Group Co.,Ltd. is a Japan-based holding company mainly engaged in information technology (IT) solutions business. IT solution business is engaged in the provision of design, sale, construction, operation and maintenance services mainly related to IT infrastructure and network security products. It has two kinds of services. Solution product service is engaged in the sale of security products and IT infrastructure products that imported from domestic and overseas manufacturers. It also sells self-owned server-type secure browser SCVX and one-time password authentication single sign-on WisePoint. Main security products include Firewall and VPN, UTM, and Next Generation Firewall. Main IT infrastructure products include Wi-Fi products, routers, Local Area Network (LAN) switches, servers, storage. Solution services provide end users with IT system design and construction services that meet their requirements, and maintenance, repair and replacement services, and help desk services.
SEGUE GROUP CO., LTD. 
