Azbil Corporation
Notice of Conclusion of Capital and Business Alliance Agreement with Autech Corporation and Additional Share Acquisition
Azbil has entered into a capital and business alliance agreement with Autech and will acquire additional Autech shares aiming to make Autech an equity-method affiliate. Post-acquisition voting rights ratio will be 20.04%; total acquisition price is 7,161 million yen; the transfer of listed shares is scheduled for early November. Going forward, Azbil will strengthen construction capabilities and promote joint development.
Key Figures
- Number of shares acquired: 2,387,000 shares
- Acquisition price: 7,161 million yen
- Number of shares owned after transfer: 3,137,000 shares (voting rights ratio 20.04%)
AI要約
Overview of the Alliance
Azbil has concluded a capital and business alliance agreement with Autech and will acquire additional shares of Autech aiming to make it an equity-method affiliate. The alliance will focus on training and utilizing construction management personnel, improving technical capabilities, and joint development of products and services, promoting co-creation with external partners. The number of shares to be acquired increases from 750,000 shares owned before the transfer (voting rights 4.79%) by 2,387,000 shares, resulting in a total of 3,137,000 shares (voting rights 20.04%). The acquisition price is 7,161 million yen, and the transfer date is scheduled for early November.
Impact and Future Disclosures
This alliance and share acquisition are expected to have a minor impact on consolidated results for the fiscal year ending March 2027; however, Azbil will promptly disclose any matters that should be announced in the future. Autech has been a long-standing business partner, and strengthening the capital relationship is expected to accelerate expansion of construction and engineering capabilities and joint development of new products and services.
Azbil Corporation
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