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New Deal


Announced

Completed

Sojitz and Green Tec to acquire Stratosphere Quality has been acquired by Sojitz and Green Tec.

Synopsis

Green Tec, the largest automotive quality assurance provider in Japan, and Sojitz, engaged in a wide range of businesses globally, including buying, importing goods, manufacturing and selling products, providing services, and planning and coordinating projects company, have acquired Stratosphere Quality. Sojitz has acquired 65% and Green Tec 35% of the company. Financial terms were not disclosed. “This is an exciting day for Stratosphere Quality. This acquisition provides an even greater opportunity to support the global supply chain with industry-leading services. The Sojitz and Green Tec acquisition provides incredibly strong financial backing along with an immediately increased base in the automotive industry. We anticipate a seamless transition given our shared goals and commitment to best practices in the quality services industry." Steve Cage Stratosphere Quality Founder and Chairman.

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