M&A Deal Summary

Itochu Acquires SkyDrive

On August 28, 2020, Itochu acquired technology hardware company SkyDrive

Acquisition Highlights
  • This is Itochu’s 1st transaction in the Technology Hardware sector.
  • This is Itochu’s 4th transaction in Japan.

M&A Deal Summary

Date 2020-08-28
Target SkyDrive
Sector Technology Hardware
Buyer(s) Itochu
Deal Type Add-on Acquisition

Target

SkyDrive

Tokyo, Japan
SkyDrive, Inc. is a developer of flying cars and cargo drones. SkyDrive wa founded in 2018 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Itochu

Tokyo, Japan

Category Company
Founded 1858
Sector Business Services
Employees115,089
Revenue 14.72T JPY (2025)
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, the company 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. It 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 13 of 30
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 16
Country: Japan M&A 4 of 11
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Dentsu Retail Marketing

Tokyo, Japan

Dentsu Retail Marketing, Inc. provides data analysis and sales promotion/marketing support services for retailers. Dentsu Retail Marketing is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Zapata Computing

Boston, Massachusetts, United States

Zapata Computing, Inc. is a developer software for quantum computers. Zapata Computing is based in Boston, Massachusetts.

Buy -