The Hindu Business Line : CSWL may acquire 66 pc equity in Codex

CSWL, the US-based subsidiary of California Software Company Ltd (Calsoft), plans to acquire 66 per cent equity in Codex Co Ltd, a Japanese company. The investment would be about $900,000 (Rs 4.05 crore) and will be an all-cash deal, according to a Calsoft press release.

An agreement between the two companies would culminate in a final share purchase agreement, and the entire process should be completed by the end of August, according to the release.

Codex focuses on providing information technology-based solutions to commodity trading companies in Japan. It delivers B2B solutions, trading management systems and customised packaged solutions to companies like Itochu Corporation and Itochu Petroleum.

With this acquisition, the company will strengthen its commodity solutions and enhance the group's presence in Japan.

This is the company's fifth acquisition in the last two years. The group plans to grow organically as well as through a prudent and focused acquisition strategy that brings synergies to its customer solution offerings.

More Stories on : Mergers & Acquisitions | Overseas Investments | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
TN plans to move IT into smaller cities, towns

i-flex net up 133 per cent

MTNL Q1 dips 17%

Tanla revenue, net zoom

Sumedha Fiscal into IT with Swedish co tie-up

MS India launches Rural Innovation Fund

When `yes' could mean `no'

CSWL may acquire 66 pc equity in Codex

Sanra Software to tie up with SGS

Wipro joins Solix Reseller Network

Zensar plans Poland centre

Flightraja launches on-line booking service for airlines

TCS China to begin work by September