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Announced

Completed

ITOCHU completed the acquisition of 70% stakes in PT. Nusantara Compnet Integrator and PT. Pro Sistimatika Automasi.

Synopsis

ITOCHU, one of the largest Japanese sogo shosh, completed the acquisition of 70% stakes in PT. Nusantara Compnet Integrator and PT. Pro Sistimatika Automasi, two providers of total IT services including infrastructure, cloud services, and applications/software development. Financial terms were not disclosed. "Jointly providing total IT services including infrastructure, cloud services, and applications, both Compnet and Prosia are system integrators with system architecture and application development as their core businesses. Compnet has created a network of 33 service points for maintenance covering the whole of the Indonesian archipelago. Together with Prosia, which supports business requirement definitions and other upstream processes, Compnet covers the entire IT lifecycle from consulting to maintenance and outsourcing services. At present, the companies provide optimum IT services to the government, to government-linked corporations and industrial conglomerates in the communications, banking, resources, or manufacturing sectors, and to corporations with Japanese, North American, or European capital," ITOCHU.

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