Bsp Incorporated (JASDAQ:3800) agreed to acquire an additional 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers for approximately ¥850 million on December 26, 2013. Bsp Incorporated will acquire 1.22 million shares and will increase holding to 1.96 million shares in Beacon Information Technology Inc. Bsp Incorporated will become a subsidiary of Beacon Information Technology. Beacon Information Technology reported net assets of ¥3.01 billion, total assets of ¥4.87 billion, sales of ¥3.08 billion, operating loss of ¥59.47 million and net income of ¥199.11 million for year ended March 2013. The transaction is subject to shareholders' approval. Board of Directors of Bsp Incorporated made a resolution in favor of the transaction on January 17, 2014. The transaction is expected to close on January 20, 2014. The advisory expenses were ¥49 million.

Bsp Incorporated (JASDAQ:3800) completed the acquisition of an additional 33.31% stake in Beacon Information Technology Inc. from Business Consultants, Inc., Lincrea Corporation, Mitsubishi UFJ Capital Co. Ltd., and other sellers on January 24, 2014.