OREANDA-NEWS. August 02, 2011. TOYOTA TSUSHO CORPORATION (“TTC”) and ELEMATEC CORPORATION (“ELEMATEC”), upon the resolution of the meetings of their respective boards of directors held on August 1, 2011, announced that they have entered into a Capital and Business Alliance Agreement (the “Agreement”), pursuant to which TTC will aim to acquire the majority of the voting rights of ELEMATEC, by means of a public tender offer (the “Tender Offer”), reported the press-centre of TTC.

TTC and ELEMATEC have agreed that ELEMATEC will maintain the listing of its common stock on the Tokyo Stock Exchange after consummation of the Tender Offer.

TTC will commence the Tender Offer as soon as practical, subject to the conditions, such as completion of the procedures and measures necessary under domestic and overseas competition laws and regulations, are fulfilled. It is expected that such procedures and measures will take a certain amount of time. TTC and ELEMATEC will provide updated information with respect to the status of such procedures and measures by the end of October 2011.