Azbil Corporation and OTEC CORPORATION entered into a capital and business alliance agreement, and Azbil Corporation decided to acquire additional common shares of OTEC CORPORATION. OTEC CORPORATION is expected to become an equity-method affiliate, while the companies will strengthen their construction and engineering capabilities and pursue joint development.
Azbil Corporation and OTEC CORPORATION entered into a capital and business alliance agreement dated 26 October 2026. At the same time, Azbil Corporation decided to acquire additional common shares of OTEC CORPORATION, which is expected to become an equity-method affiliate of Azbil Corporation upon completion.
The companies have worked together in the building automation field for more than 60 years. Against a backdrop of demand for renovations to existing buildings and efforts to improve energy efficiency, they aim to strengthen their construction and engineering capabilities. By strengthening their capital relationship, the companies will leverage their customer access, technologies and human resources to achieve sustainable growth and enhance corporate value.
The main areas of cooperation under the capital and business alliance include mutual cooperation in the development and utilisation of construction personnel; strengthening their ability to handle advanced projects through mutual cooperation aimed at improving technologies and skills; and the joint development of new products and services through the mutual use of products and technologies.
The related materials in the body of the release and the attached release are referenced, and specific progress going forward and the contract completion date are expected to be disclosed separately.