BTM has acquired Quest System Design to enhance engineering recruitment and expand its customer base in the Tohoku region, with expectations for growth in the Japanese digital transformation market.

Target Information

BTM, a company specializing in matching engineers with businesses, has announced the acquisition of Quest System Design, a subsidiary based in Yamagata Prefecture with its headquarters in Minato, Tokyo. This acquisition aims to enhance the recruitment of engineers in the Tohoku region and expand BTM's customer base. Quest System Design is involved in system development, planning, and consulting, and is actively working on initiatives for the digital transformation (DX) of the Tohoku area by establishing a framework for remote participation of Yamagata engineers in projects based in Tokyo.

In terms of financial performance, Quest System Design reported revenues of 221 million JPY, operating profits of 13.1 million JPY, and net assets totaling 312 million JPY for the fiscal year ending March 2025.

Industry Overview in Japan

The engineering services industry in Japan has been experiencing significant growth, driven by the increasing demand for digitalization across various sectors. Companies are seeking to enhance t

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BTM

invested in

クエスト・システム・デザイン

in 2025

in a Buyout deal

Disclosed details

Transaction Size: $13M

Revenue: $2M

EBIT: $0M

Net Income: $0M

Enterprise Value: $2M

Equity Value: $2M


Multiples

EV/EBIT: 210.0x

EV/Revenue: 1.3x

P/E: 70.0x

P/Revenue: 1.3x

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