Axis Co., Ltd. completed the acquisition of connected fleet management business KITARO from Aucnet Inc..
October 30, 2018
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Axis Co., Ltd. agreed to acquire connected fleet management business KITARO from Aucnet Inc. (TSE:3964) for ¥100 million on August 28, 2018. The consideration will be paid in cash. The connected fleet management business KITARO reported total assets of ¥107 million. The transaction was resolved by the Board of Directors of Aucnet and is expected to complete on October 1, 2018.
Axis Co., Ltd. completed the acquisition of connected fleet management business KITARO from Aucnet Inc. (TSE:3964) on October 1, 2018.
Axis Co Ltd is a Japan-based company mainly engaged in system integration business and cloud service business. The system integration business provides application and infrastructure system design and development work and operation and maintenance work for financial institutions, public institutions such as government offices, general business companies and their group companies. Business application development services is involved in the development and construction of financial institutions' derivative transactions, foreign currency fund transactions, bond management, risk management, account data migration and pension systems. In the infrastructure system construction service, it designs and builds various servers, networks, storage that make up the infrastructure system. The cloud service business provides KITARO, a fleet management service that enables real-time grasp of location information and mileage of working vehicles.
AXIS CO.,LTD. 
