GA technologies steps its foot into the Southeast Asian Market by the Acquisition of Dear Life's Business in Thailand
GA technologies Co., Ltd. Hereinafter referred to as announced an M&A decision on Nov. 18th, 2021.
Along with this decision, a share exchange was agreed upon between GA technologies Co., Ltd. and DL-holdings, Inc. (Headquarters: Chiyoda District, Tokyo; hereafter referred to as "DLH"). GA technologies will be acquiring the full ownership of the rental & lease business operated by Dear Life Corporation Ltd (parent company: DL-holdings, Inc. / Headquarters: Bangkok, Thailand / CEO: Koichiro Ando /Hereinafter referred to as "DLC").
Dear Life operates one of the biggest house-hunting platforms in Thailand that targets Japanese residents working and living locally. GA technologies is looking forward to creating a cross-border sales cycle between Japan, Thailand, and China with Dear Life through the synergy this time, GA said in a press release.
This M&A is the Company's first step in expanding its business into the Southeast Asian region. Through the connection and the client basis Dear Life holds, the Company would be able to expand the RENOSY marketplace business as well as the DX business run by ITANDI in Japan at this stage to the Thai market.
Besides, the Company is looking forward to introducing real estate in Thailand to potential buyers in the Greater China area through the RENOSY marketplace business and Shenjumiausuan platform service. Furthermore, the Company will be providing Dear Life's customers with the Company's other services currently available in Japan (GA technologies product lines) through cross-sales.