Rion Co., Ltd. (TSE:6823) entered into an agreement to acquire 92.39% stake in Norsonic AS from Asisa As, Norsonic-Tippkemper Gmbh, Janix Ikt As, Jacon A/S and others for approximately NOK 120 million on July 25, 2022. In addition to the acquisition consideration, it has been agreed to pay conditional consideration to the share acquisition partner according to the amount of achievement of the business performance, if the profit amount of Norsonic exceeds a certain amount, it will be paid within the range of 0 to NOK 6 million. For year 2021, Norsonic AS reported NOK 47.34 million of Net assets, NOK 67.73 million of Total assets, Sales of NOK 87.30 million, Ebit of NOK 9.35 million and Net income of NOK 14.78 million. The acquisition is expected to be closed on October 31, 2022. as of October 28, 2022, the acquisition expected to close on December 31, 2022.

Rion Co., Ltd. (TSE:6823) completed the acquisition of Norsonic AS from Asisa As, Norsonic-Tippkemper Gmbh, Janix Ikt As, Jacon A/S and others on November 8, 2022.