TOKYO, Jun 01 (Pulse News Wire) – KITZ Corporation (6498.T) completed its acquisition of Vitecs Co., Ltd. shares, making Vitecs a wholly-owned subsidiary effective June 01, 2026.
At a special shareholders' meeting held today, new directors were elected, followed by a board meeting where a new management structure was established. Vitecs, headquartered at Tokyo, Shinagawa Ku Minami Ooi 6-21-12 Oimori Prime Building 5F, specializes in industrial specialty valve development and manufacturing, along with rupture disc production. Founded on May 07, 1949, Vitecs had a capital of ¥443 million.
Prior to the acquisition, KITZ did not hold any shares of Vitecs. Following the transaction, KITZ acquired 886,400 shares valued at ¥9.198 billion, bringing the total investment to ¥9.368 billion through advisory fees and other costs. An impact assessment on KITZ’s consolidated performance for the same period is currently underway, and any significant findings will be disclosed promptly.
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