M&A Deal Summary

Sojitz Acquires Degas

On August 29, 2024, Sojitz acquired information technology company Degas

Acquisition Highlights
  • This is Sojitz’s 1st transaction in the Information Technology sector.
  • This is Sojitz’s 3rd transaction in Japan.

M&A Deal Summary
Date 2024-08-29
Target Degas
Sector Information Technology
Buyer(s) Sojitz
Deal Type Add-on Acquisition

Target

Degas

Tokyo, Japan
Degas is an agri-fintech startup provides digital transformation (DX) in Africa’s agricultural industry sends satellite images of forests, farmland and so forth, were used to train the generative AI model in advance. Degas was founded in 2018 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Sojitz

Tokyo, Japan
Category Company
Founded 2003
Sector Business Services
Employees22,819
Revenue 2.41T JPY (2024)
DESCRIPTION

Sojitz is a general trading company. Sojitz Group offers businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. Sojitz was established in 2003 and is based in Tokyo, Japan.

DEAL STATS #
Overall 9 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (Japan) 3 of 3
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Washamerica

Angleton, Texas, United States

Washamerica is a tank car repair service primarily for major U.S. oil companies. Washamerica was formed in 1967 and is headquartered in Angleton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Freestate

Laurel, Maryland, United States

Freestate provides general electrical construction and maintenance services for various commercial and industrial projects ranging from schools and data centers to hospitals and government facilities. Freestate was founded in 1984 and is headquartered in Laurel, Maryland.

Buy -
Mergr

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