Daiwa Industries (TYO:6459) has agreed to acquire all shares of Miura Denshi and make it a wholly owned subsidiary.
The company will acquire 28,000 shares of Miura Denshi for an undisclosed price, according to a stock exchange filing on Tuesday. Deal is scheduled for completion on July 1.
Miura Denshi manufactures electrolytic water generation equipment and has been a long-standing OEM partner for Daiwa Industries.