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Announced

Completed

NSSK completed the acquisition of a majority stake in KANTEC.

Synopsis

Nippon Sangyo Suishin Kiko, a private equity firm, completed the acquisition of a majority stake in KANTEC, an operator of industrial solar power generation construction sales company. Financial terms were not disclosed. NSSK will support the planning and implementation of business improvement measures such as expanding the number of clients with the aim of achieving further sales growth, and assist in the introduction of business management methods, which includes the establishment of KPIs, strengthening of governance and compliance systems, enhancing labor management systems, disseminating corporate philosophy, and promoting ESG activities.

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