Soliton Systems, K.K. (JASDAQ:3040) agreed to acquire the remaining 88.88% stake in Excitor A/S from Verdane for ¥ 1.5 million on November 28, 2014. Soliton Systems will acquire approximately 16 million shares. Excitor A/S reported net negative assets of ¥485 million, total assets of ¥322 million, net sales of ¥850 million, recurring loss of ¥155 million, pretax loss ¥242 million and net loss of ¥218 million. The deal is expected to close in December 2014. EOC Partners acted as financial advisor for Excitor in this transaction.

Soliton Systems, K.K. (JASDAQ:3040) completed the acquisition of the remaining 88.88% stake in Excitor A/S from Verdane in December 2014.