Wed, Oct 16, 2013 - Page 13 News List

Primax to buy Tymphany

By Kevin Chen  /  Staff reporter

Computer peripheral products maker Primax Electronics Ltd (致伸電子) yesterday said it has decided to acquire speaker and digital audio equipment maker Tymphany HK Ltd for US$84.05 million.

Taipei-based Primax said in a filing to the Taiwan Stock Exchange that its board approved the deal to purchase a 70 percent stake in Tymphany, as the company plans to expand its business scope to digital audio electronics from the personal computer field.

The deal will also allow Primax to gain technology know-how from the international designer and manufacturer of advanced acoustic solutions, the company said.

Tymphany HK Ltd has several factories and research centers in China, with 2,500 employees across China, Europe and the US. The company’s speaker and acoustic technology can be traced back to an 80-year heritage founded in Denmark.

The deal is expected to complete by the end of this year, after securing the necessary regulatory approval, Primax said, adding that it expects Tymphany to start contributing to the company next year.

Tymphany has been growing its business by 40 percent a year over the last two years. Last year, the company reported a net profit of about US$7 million and a revenue of NT$92 million, according to Primax.

Separately, Getac Technology Corp (神基科技) yesterday said it was close to reaching a partnership with information technology goods distributor BestCom Infotech Corp (群環科技) to jointly develop the domestic rugged computer market, the company said in an e-mailed statement.

Getac said that it hopes to secure a 30 percent share of the local market through the partnership and at least a 15 percent share of the global sector in the future.

The company yesterday unveiled two fully rugged tablet computer models in Taipei. The two models run Intel Corp’s new Haswell platforms and Microsoft Corp’s Windows 8 operating system, and will hit the market next month and in December respectively, the statement said.

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