Techno Horizon Co.,Ltd. signed contract to acquire Apollo Seiko Ltd. from Askum Partners Co., Ltd., Wang Hsin-Li and others for ¥1.8 billion.
August 29, 2021
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Techno Horizon Co.,Ltd. (JASDAQ:6629) signed contract to acquire Apollo Seiko Ltd. from Askum Partners Co., Ltd., Wang Hsin-Li and others for ¥1.8 billion on August 30, 2021. As per the transaction, Techno Horizon Co.,Ltd. will acquire 0.36 million shares. Post completion, Apollo Seiko Ltd. will become wholly owned subsidiary of Techno Horizon Co.,Ltd. For the financial year ending February 28, 2021, Apollo Seiko Ltd. has reported total sales of ¥1.27 billion, net assets of ¥2.08 billion, total assets of ¥3.02 billion and operating income of ¥169 million. The Board of Directors has passed the resolution for the transaction. Completion is planned on September 10, 2021. Techno Horizon Co.,Ltd. shall pay advisory fee of ¥120 million.
Techno Horizon Co Ltd, formerly Techno Horizon Holdings Co Ltd, is a Japan-based company mainly engaged in the development, manufacture and sale of optical equipment and electronic equipment. The Company operates in two business segments. The Optical segment is engaged in the development, manufacture and sale of precision optical components, including document cameras, surveillance cameras, optical units, commercial car carry equipment and others. The Company is also engaged in the manufacture of resin molded parts. The Electronics segment is engaged in the development, manufacture and sale of electronics equipment, including robot controller equipment, computer numerical control (CNC) equipment and other factory automation (FA) related equipment. The Company is also engaged in the development, manufacture and sale of medical electronic equipment.
TECHNO HORIZON CO.,LTD. 
