AcquisitionsApr 6, 2026, 11:54 AM
OFA Group Acquires 50% Co-Ownership of QIKBIM System IP for $14.99 Million
AI Summary
OFA Group (OFAL) has entered into an Intellectual Property Assignment and Co-Ownership Agreement with Alan To AI Consultancy Co. Limited to acquire a 50% undivided co-ownership interest in the QIKBIM system IP. The purchase price is effectively $14.99 million, consisting of $11.99 million already paid and a final installment of $2.99 million due by December 31, 2026, plus supplemental deferred consideration.
Key Highlights
- OFA Group acquires a 50% co-ownership interest in the QIKBIM system IP.
- The total consideration includes $11.99 million in historical payments, a $2.99 million final installment, and supplemental deferred consideration.
- OFA Group retains sole and final governance and commercialization authority over the QIKBIM system.