Cross Cat Co., Ltd. agreed to acquire Active Co., Ltd. from Hidehiko Ishizuka and others for approximately ¥480 million.
September 22, 2020
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Cross Cat Co., Ltd. (TSE:2307) agreed to acquire Active Co., Ltd. from Hidehiko Ishizuka and others for approximately ¥480 million on September 23, 2020. Under the terms of the transaction, Cross cat will acquire 11800 shares of which 50.6% will be transferred by Hidehiko Ishizuka. For the year end September 30, 2019, Active Co., Ltd. reported ¥1.1 billion in revenues, ¥451 million in Total assets, ¥11 million in EBIT, ¥4 million in Net income and ¥110 million in Net assets. Transaction is expected to close on November 2, 2020.
CROSS CAT CO.,LTD. is a Japan-based company principally engaged in the information service business and the ancillary services. The Companyâs system solution business is involved in system development including software development, system operation and maintenance, technical support, system consulting and infrastructure support. The business is also involved in business intelligence (BI) business including BI introduction consulting, as well as BI development and implementation support. In the system solution business, the Company outsources part of its development work to its subsidiary, CROSS UIS co.,ltd. Staff services is involved in the provision of services, such as technical dispatch, clerical dispatch, outsourcing and job placement.
CROSS CAT CO., LTD. 
