July 31,2024
EXEO Group, Inc. (head office: Shibuya-ku, Tokyo; Tetsuya Funabashi, President; hereinafter the "Company") announces that earlier today it entered into an agreement with Interactive Communication Design Co., Ltd. (head office: Minato-ku, Tokyo; Wataru Kanno, President; hereinafter "ICD") regarding the EXEO Group's acquisition of all of the outstanding shares of ICD (hereinafter the "Share Acquisition") to strengthen the Company's system solution business.
1. Purposes of the Share Acquisition
The Group believes that solving social issues is a universal mission as it laid out in its 2030 Vision and Medium-Term Management Plan (FY2021-FY2025). With this in mind, the Group will strive to connect and combine a variety of engineering areas through innovation and work
relentlessly to create value for sustainable growth.
By doing so, it aims to be a corporate group that is socially essential globally and in Japan.
ICD handles a large number of commissioned software development and other projects that it receives from major system integrators and businesses in many other business sectors. It owns a subsidiary in Vietnam, ICD VIETNAM LIMITED LABILITY COMPANY (hereinafter "ICD
Vietnam").
It is engaged in offshore development and is continuing to grow.
The Company's system solution business is striving to meet its medium-term target of evolving from a network system integrator or a software development system integrator into a solution provider.
Since ICD's participation in the Group will help strengthen its IT staff, ICD and the Group will endeavor to increase corporate value through mutual collaboration.
2. Details of the Share Acquisition
The Company will acquire all of the outstanding shares in ICD in exchange for cash.
【Contact for inquiries】
Public Relations Team, Corporate Communication Unit, EXEO Group, Inc.
TEL. +81-3-5778-1075 E-mail：contact@en2.exeo.co.jp
