Toenec Corporation has successfully engaged in a strategic cross-border M&A with Hoobik International to enhance its operational foundations in Taiwan's construction industry.
Target Company Overview
Toenec Corporation, also known as 株式会社トーエネック (TSE Prime: 1946), operates under the corporate slogan "Beyond Comfort to Society". The company plays a vital role in supporting the infrastructure of daily life by engaging in various facility construction projects and social infrastructure development.
With about 20 years of operation in Taiwan, Toenec has primarily focused on projects related to Japanese companies. However, a noticeable decline in local Japanese projects in recent years prompted the need for partnership with local enterprises to ensure sustainable growth and stability in the Taiwanese market.
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Industry Overview in Taiwan
The construction industry in Taiwan plays a pivotal role in the nation's economic framework, contributing significantly to its infrastructure development. Rapid urbanization and a growing need
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