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Itochu Techno-Solutions Corp to Acquire CSC Automated Pte. Ltd. and CSC ESI Sdn Bhd with Itochu Corp

Wednesday, 20 Feb 2013 06:50pm EST 

Itochu Techno-Solutions Corp announced that Itochu Techno-Solutions Corp and Itochu Corp have decided to fully acquire CSC Automated Pte. Ltd. and CSC ESI Sdn Bhd, from Computer Sciences Corporation, for USD 90 million in total, in the middle of March 2013. After this, Itochu Techno-Solutions Corp will hold a 70% stake in both of the acquired companies, respectively, with the acquisition amount of USD 63 million from Itochu Techno-Solutions Corp. Itochu Corp will hold a 30% stake in the two acquired companies, up from 0%, respectively. 

Company Quote

-6.0 -0.46%
11 Jul 2014