Amada Holdings Co., Ltd. (TSE:6113) concluded a contract to acquire Orii and Mec Corporation from Namura Shipbuilding Co., Ltd. (TSE:7014) for ¥12.5 billion on August 8, 2018. Under the terms of transaction, Amada Holdings Co., Ltd. will acquire 10 million shares for ¥12.5 billion. For the year ended December 31, 2017, Orii and Mec Corporation had net assets of ¥7.4 billion, total assets of ¥11.5 billion, sales of ¥8.9 billion, operating profit of ¥746 million and net income of ¥500 million.

The transaction is expected to be completed by October 1, 2018.