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Tecmo and Koei Merger Moving Forward

Tom Ivan's picture

By Tom Ivan

September 19, 2008

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“This integration will allow employees to demonstrate the full extent of their abilities, so as to best serve the company in the future”

Tecmo and Koei have established a committee, consisting of senior figures from both companies, which will develop an integration scheme for unifying the two companies over the coming months.

"A committee has been formed to oversee the business of the two newly-merged companies, comprised of the presidents of both companies (acting as joint-chairmen) as well as executive representatives and non-executive representatives of both companies,” Tecmo said in a statement published on Kotaku.

“This integration will allow employees to demonstrate the full extent of their abilities, so as to best serve the company in the future. This committee is expected to produce a concrete integration scheme for unifying the two companies in the next two months."

The announcement comes shortly after Tecmo rejected a takeover proposal by Final Fantasy house Square Enix in favor of merger talks with fellow Japanese publisher Koei, a move the company said was more beneficial to its shareholders.