ORIX launches tender offer to acquire Ascentech, enhancing IT portfolio

ORIX Corporation (TSE:8591), through its subsidiary OPI18 Corporation, has commenced a tender offer to acquire all outstanding shares of Ascentech K.K., a virtual desktop infrastructure (VDI) solutions provider, aiming to enhance ORIX’s IT portfolio and create a wholly-owned subsidiary. The tender offer, priced at JPY 1,680 per share, seeks to acquire 14,318,978 shares, excluding Ascentech's treasury stock and is valued at approximately JPY 24.055 billion.