Strengthening the AI, IoT and robotics businesses and global expansion through the acquisition and absorption-type merger of Telepathy Global as a subsidiary
First written in FY2018-Q3. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018AchievedAnnual report
「At a meeting of the Board of Directors held on 18 January 2018, the Company resolved to absorb Telepathy Global Corporation, its wholly owned subsidiary, and the two companies executed a merger agreement on the same date.」
The Company conducted the absorption merger of Telepathy Global effective 28 February 2018 and concentrated its management resources. - FY2018-Q3First statedAnnual report
「In November, the Company made Telepathy Global Corporation, which had broadly developed and introduced hardware such as smart glasses and IoT sensors and launched services in Japan, the United States and Europe, a subsidiary. Through this transaction, the Company aims to accelerate its AI, IoT and Robotics businesses by incorporating Telepathy Global Corporation's hardware development capabilities and global marketing expertise into its platform. At a meeting held on 18 January 2018, the Board of Directors resolved to absorb Telepathy Global Corporation, a wholly owned subsidiary, with 28 February 2018 as the effective date, and the merger agreement was executed on 18 January 2018.」
The Company made Telepathy Global a subsidiary in November and stated its policy of incorporating its hardware development capabilities and global marketing expertise. It subsequently executed an absorption merger agreement effective 28 February 2018.