TOKYO, May 14 (Pulse News Wire) – Power Solutions,ltd. (4450.T) announced today that its board of directors held, resolved to acquire additional shares of subsidiary Cats Co., Ltd., making it a wholly-owned subsidiary.
The acquisition will increase Power Solutions' voting rights stake to 100.0%. This move aligns with Power Solutions’ strategy to expand its operations through mergers and acquisitions, particularly targeting IT firms with advanced solutions expertise. Following the initial share purchase in May 2025, which gave Power Solutions a 31.8% voting rights stake, the company has fostered a strong cooperative relationship with Cats. By fully integrating Cats, Power Solutions aims to enhance its planning, proposal, and customer support capabilities, driving further growth and strategic expansion beyond the financial sector.
Key details of Cats Co., Ltd. include: - Headquarters located at Kanagawa, Yokohama Shichuu Ku Aioichou Roku Choume 104 - Founded on July 3, 1982 - Capital of ¥30 million - Main activities: IT consulting, system design and development, internet-based information processing services, labor dispatching, and related businesses - Financial highlights: Revenue of ¥705 million, operating profit of ¥21 million, net income of ¥16 million The transaction involves acquiring 300 shares, increasing Power Solutions' total holdings to 560 shares, representing a voting rights stake of 100%. The agreement was finalized, with the share transfer also executed on the same day. Power Solutions expects the impact on its consolidated earnings for the current fiscal period to be minor but will disclose any significant effects according to Tokyo Stock Exchange regulations once confirmed.
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