Axiscades Technologies Approves US$7M Asset Acquisition by Subsidiary
Axiscades Technologies Ltd's Board of Directors has approved in principle the acquisition of substantially all business assets of ITSJ Group, Inc. by its step-down subsidiary, XIDA Inc. The acquisition will be conducted via an asset purchase for an aggregate consideration not exceeding US$7.0 million. This amount comprises cash, restricted shares of XIDA, and a performance-linked earn-out. ITSJ Group reported revenue of US$3.47 million for the calendar year ended December 31, 2025. The transaction is within Axiscades' main line of business in semiconductor-equipment and AI data-centre markets and is not a related party transaction. XIDA is not acquiring any shares of ITSJ, and ITSJ will not become a subsidiary of either company.
Key Highlights
- Axiscades subsidiary XIDA Inc. to acquire ITSJ Group's business assets.
- Total consideration capped at US$7.0 million.
- Transaction includes cash, XIDA shares, and earn-out components.
- ITSJ Group's 2025 revenue was US$3.47 million.
- Acquisition aligns with company's semiconductor and data-centre focus.
Price Impact
More from AXISCADES