Taiwan’s leading industrial PC maker, Advantech Co (研華科技), yesterday announced its acquisition of a German peer for 12.85 million euros (US$17.5 million), in a move to enhance its lead in the market to supply logistics automation solutions for industrial vehicles.
Advantech Europe Holding BV, a wholly owned subsidiary of Advantech, will acquire the Germering-based DLoG GmbH — a subsidiary of Augusta Technologie AG — and the deal is expected to be closed by the end of the month, the companies said in a statement.
“[The deal] integrates marketing, sales, research and development, as well as manufacturing of both sides and enhances Advantech and DLoG’s leadership in the segment,” the statement said.
DLoG generated sales revenues of around 13 million euros in its last fiscal year.
The economic crisis resulted in DLoG posting declines in sales, but it was still profitable, it said.
The sale of DLoG marks Augusta’s divestment of its logistics automation division and underlines Augusta’s strategic focus on two other divisions: sensors/microsystems technology and vision technology, it said.
The buyout also marks Advantech’s first international acquisition to strengthen its foothold in offering diversified industrial PC applications.
Shares of Advantech closed 2.46 percent lower at NT$63.4 yesterday. So far this year, the stock has declined 11.7 percent, underperforming the TAIEX’s 5.1 percent drop.
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