CTI Engineering Co., Ltd. agreed to acquire remaining 30% stake in CTI Engineering International Co., Ltd.
July 27, 2020
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CTI Engineering Co., Ltd. (TSE:9621) agreed to acquire remaining 30% stake in CTI Engineering International Co., Ltd. on July 28, 2020. Date of conclusion of share transfer agreement is early to mid-august, 2020. Post completion, CTI Engineering International Co., Ltd. will become wholly owned subsidiary of CTI Engineering Co., Ltd. Transaction is expected to be completed at the end of August, 2020. The impact of acquisition on CTI Engineering Co., Ltd. consolidated business results is immaterial.
CTI Engineering Co., Ltd. is a Japan-based company engaged in the provision of construction consulting services for public works such as rivers, dams, roads, the environment, and information. The Company operates in two business segments. The Domestic Construction Consulting segment is conducts comprehensive consulting business such as planning, survey, planning, design, orderer support, construction management, operation and maintenance of public works in Japan, and associated system development, maintenance management, general office work consignment and others. The Overseas Construction Consulting segment provides comprehensive consulting services for all construction projects such as excavation of projects overseas, the formulation, planning, investigation, design, construction management, operation and maintenance of master plans, and building-related businesses including structural design and equipment design.
CTI ENGINEERING CO., LTD. 
