IGNIS LTD. (TSE:3689) agreed to acquire an unknown stake in Robit, Inc. on August 23, 2016. IGNIS intends to acquire common shares from Robit’s shareholders and as a result, Robit will become an equity-method affiliate of IGNIS. The impact of the transaction on consolidated results of IGNIS LTD. for the current period is expected to be minimal. The transaction is expected to close on September 1, 2016.