Thinkware Systems Corporation (KOSE:A084730) agreed to acquire 40.5% stake in POWERVOICE CO.,LTD. for KRW 2.3 billion in cash on November 26, 2012. Thinkware will acquire 0.97 million POWERVOICE shares in the transaction to enhance the competitiveness of products. Number of shares being acquired included 0.57 million of existing shares and 0.4 million of new shares.

For the period ending December 2011, POWERVOICE CO.,LTD. reported total assets of KRW 2.86 billion, total stockholders' equity of KRW 641 million, total liabilities of KRW 2.2 billion, sales of KRW 1.83 billion and net profit of KRW 23 million. The transaction was resolved by the Board of Directors of Thinkware. The scheduled acquisition date is November 26, 2012.