Konica Minolta Business Solutions Japan Co.,Ltd. agreed to acquire 31.07% stake in Netyear Group Corporation (TSE:3622) from TIS Inc. for JPY 2.3 billion on February 26, 2016. Under the terms of the agreement, Konica Minolta Business Solutions Japan will acquire 2.13 million shares of Netyear Group.

Konica Minolta Business Solutions Japan Co.,Ltd. completed the acquisition of 31.07% stake in Netyear Group Corporation (TSE:3622) from TIS Inc. on April 1, 2016.