Yahagi Construction To Acquire Kaisho

MT Newswires Live01-23

Yahagi Construction (TYO:1870) will acquire all outstanding shares of Aquarius Invesco, the parent of engineering firm Kaisho, for about 2.6 billion yen, making Kaisho a wholly owned subsidiary from April 1, according to a Friday filing on the Tokyo Stock Exchange.

The acquisition is aimed at strengthening Yahagi's engineering business by adding Kaisho's Stand Drive (SD) method for slope construction, which complements Yahagi's existing technologies. Kaisho has a track record in slope construction projects across Japan, particularly in western regions.

Yahagi said the deal will broaden its technical lineup, expand sales opportunities through its network, and support its medium-term growth strategy.

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