Iole To Make WOODMAN A Wholly Owned Unit In Share Swap
The deal folds GPU procurement, data center development, and immersion cooling into one group, which is the combination Iole needs to start its neo-cloud business rather than buy those functions case by case.
Reporting from 1 source: ASCII.jp.
Iole has decided to acquire WOODMAN through a share exchange that makes the AI server and storage vendor a wholly owned subsidiary. WOODMAN sells and supports AI servers and storage, develops modular AI data centers, and announced the IMMERSIA immersion cooling line in September 2026. WOODMAN projects sales of 12,845 million yen and operating profit of 350 million yen for the fiscal year ending September 2026.
WOODMAN was set up in October 2017 and grew from AI server and storage sales into modular AI data center construction and consulting, so the share exchange brings Iole a partner that already sits on the development side of its business. The two companies have worked together on AI infrastructure, including a joint immersion cooling conference on September 16, 2026 that drew more than 160 participants, and a January 30, 2026 memorandum with Digital Dynamic and SuperX AI Industries covering modular AI data center collaboration.
WOODMAN's management, including representative director Shinjiro Ono, will stay on to run the business after the exchange.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.