Japan – WDB Holdings acquires DZS Software Solutions

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WDB Holdings, a Japanese recruitment and HR services firm, announced that it has acquired all the shares of DZS Software Solutions, a US Contract Research Organisation company, through its US subsidiary, WDB Medical Data, Inc. (WDBMD).

Financial details of the transaction were not disclosed. The effective date of the completion of the acquisition was 31 August 2018 which saw DZS become a consolidated group company of the WDB Group.

“We are growing and strengthening the CRO business as the second pillar towards the next growth stage,” WDB Holdings stated. “In addition to its domestic business, we set out for global market by establishing WDB Medical Data, Inc. in the US and WDB India Pvt, Ltd in India. Also, we acquired 100% shares of Oy Medfiles Ltd. in Finland in March 2017, to embark on European CRO business.
WDB Holdings provides four core services primarily in the clinical/scientific sector: human resource services (permanent placement and temporary dispatch), outsourced research services (CRO), R&D/manufacturing, and ‘interaction’ services (M&A and research).

WDB Medical Data provides pharmacovigilance and medical call center services in the US with its own global delivery center in India.

DZS provides clinical operations, data management, and biostatistics services mainly in the US market.

“By this transaction, we expect to grow and strengthen our CRO business with fuller, well-experienced and high-quality services in the US,” WDB Holdings stated. “Also, we believe that this acquisition will accelerate our global CRO business growth in the Japan and EU by better serving our global clients’ needs, leading to further increasing the WDB Group’s enterprise value as well.”

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/Japan-WDB-Holdings-acquires-DZS-Software-Solutions-47256

      

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