The Tokyo Stock Exchange is buying the London Stock Exchange plc out of its venture market, Tokyo AIM.

The TSE Group, Inc. announced Tuesday that it will acquire the LSE’s 49% stake in TOKYO AIM, Inc. for an undisclosed price. Effective March 28, Tokyo AIM will become a 100% subsidiary of TSE.

The Tokyo AIM was established in 2009 as an alternative listing venue for emerging companies based on the LSE’s AIM market model. As with the LSE, the market is centred around a community of professional advisers, which include nominated advisers (Nomads), as well as other professionals including lawyers and accountants, which guide companies through the admission process and are responsible for upholding the market’s standards.

The exchange says that there will be no immediate change to the AIM’s market operations as a result of this announcement. The TSE plans to integrate the AIM into the Tokyo Stock Exchange effective July 1, and it will re-brand the AIM market as the “Tokyo PRO Market”.