TAKEBISHI CORPORATION acquired 100% of 4 Gennex Group companies and completed the acquisition of their shares, forming a group of 7 companies operating across 4 ASEAN countries. The remaining 3 companies are scheduled to undergo organizational restructuring in the future.
TAKEBISHI CORPORATION announced that it had acquired shares in 4 of the 7 Gennex Group companies operating across 4 ASEAN countries and completed their conversion into wholly owned subsidiaries. The 4 companies covered are GENNEX SINGAPORE PTE. LTD., ACTON TECHNOLOGY PTE. LTD., GENNEX INTERNATIONAL PTE. LTD., and GENNEX TECHNOLOGY MALAYSIA SDN. BHD.
Through the conversion of the 4 companies into subsidiaries, the TAKEBISHI CORPORATION Group aims to expand its sales channels in overseas markets by making mutual use of its own sales network and that of Gennex Group. It also plans to accelerate business expansion by leveraging its bases and customer base in India and the ASEAN region. The remaining 3 companies, ACTON TECHNOLOGY (THAILAND) COMPANY LIMITED, GENNEX SOLUTIONS PHILS. INC., and TSOOMI SYSTEMS PHIL., INCORPORATED, are scheduled to be integrated sequentially following organizational restructuring.
Looking ahead, Gennex Group's results are expected to affect TAKEBISHI CORPORATION's consolidated financial statements in the fiscal year ending April 2027, and the impact of this share acquisition is expected to be minor. The company plans to promptly disclose any additional matters requiring disclosure that arise.