On the 15th, T&S Group <4055> announced that it has decided to sign a basic agreement to acquire and make Exstage a subsidiary at the board of directors meeting.

In order to achieve further growth, T&S Group aims to realize agile and detailed management through profit and loss management and human resource management according to the business model, and transitioned to a holding company structure on June 1 of this year.

The business environment surrounding the company has been extremely strong demand in its main areas such as semiconductors, heavy electrical, social infrastructure, focusing on system development. In order to meet customer demands in such a environment, they believe that securing and expanding excellent engineering resources is essential.

Exstage, established in 2008, has employed excellent engineers with a main focus on software planning, development, production, sales, maintenance, management, consulting and has been responding finely to customer needs including unique solutions.

T&S Group has been collaborating in fields such as semiconductor-related software development with Exstage, and considers the integration with Exstage as the optimal solution for the business expansion of both companies and the entire group in the future.

As one of the elements of the medium-term management plan, T&S Group is pursuing a growth strategy through M&A, and in addition to the transition to a holding company structure, they are deploying effective measures. By welcoming Exstage, they have determined that they can improve the quality and quantity of the group's engineering resources and accelerate the expansion of solution offerings, leading to the decision to sign a basic agreement for stock acquisition.

If this stock acquisition is executed as planned, Exstage will become a consolidated subsidiary of T&S Group from the second quarter of the fiscal year ending September 2025.