System and Application Technology Co., Ltd. (KOSE:A060540) agreed to acquire Korea Traffic Systems Co., Ltd. for KRW 7.1 billion on August 19, 2013. Post closing, System and Application Technology Co., Ltd. will own 100% stake in Korea Traffic Systems Co., Ltd. The transaction was resolved by Board of Directors of System and Application Technology on August 19, 2013. The transaction is expected to close on August 30, 2013.