Asia Digest: Polaris Capital buys Increment P; CPE sells Australian biscuit unit to Mondelez
REUTERS/Yuriko Nakao
March 11, 2021
Polaris Capital Group is acquiring Increment P, a subsidiary of Japan’s Pioneer Corporation, while CPE Capital has agreed to sell Gourmet Food Holdings to US-based food multinational Mondelēz International.
Polaris Capital acquires Increment P
Polaris Capital Group is acquiring Increment P, a subsidiary of Japanese tech conglomerate Pioneer Corporation, for an undisclosed amount, according to an announcement.
Nikkei Asia estimated the deal value at approximately JPY30 billion ($277 million).
Increment P provides map and location services in Japan. Pioneer offers advanced driving support systems for the automobile insurance industry that leverage cloud computing, AI and big data.