M&A Deal Summary

ITOCHU Acquires Timee

On September 10, 2021, ITOCHU acquired staffing company Timee

Acquisition Highlights
  • This is ITOCHU’s 1st transaction in the Staffing sector.
  • This is ITOCHU’s 5th transaction in Japan.

M&A Deal Summary
Date 2021-09-10
Target Timee
Sector Staffing
Buyer(s) ITOCHU
Deal Type Add-on Acquisition

Target

Timee

Tokyo, Japan
website
Timee is operating an on-demand staffing platform service that matches the time people who want to work with businesses which have urgent labor needs. Timee was founded in 2017 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

ITOCHU

Tokyo, Japan

website

Category Company
Founded 1858
Sector Business Services
Employees128,146
Revenue 12,293.3B JPY (2022)
DESCRIPTION
ITOCHU's corporate headquarters in Tokyo, Japan.
ITOCHU's corporate headquarters in Tokyo, Japan.

Itochu is a prominent multinational trading company operating in various industries worldwide. With a diverse portfolio, Itochu engages in the sales, import, and export of an extensive range of products and services. Its offerings span sectors such as textiles, machinery, metals, energy, chemicals, food, and general merchandise. Itochu caters to a broad customer base comprising retailers, wholesalers, manufacturers, and businesses across different sectors, providing them with high-quality goods and facilitating global trade through its extensive network and expertise. ITOCHU was founded in 1858 and is based in Tokyo, Japan.

DEAL STATS #
Overall 16 of 25
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 9 of 12
Country (Japan) 5 of 10
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Raven SR

Pinedale, Wyoming, United States

Raven SR is a producer of renewable hydrogen and renewable fuels from municipal solid waste. Raven SR is based in Pinedale, Wyoming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Infcurion

Tokyo, Japan

Infcurion is a provider of payment solutions business and the BaaS (Banking as a Service) business in the areas of finance and payment. Infcurion was founded in 2006 and is based in Tokyo, Japan.

Buy -
Mergr

Product

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