Dyaco International Inc (岱宇國際), Taiwan’s biggest fitness equipment manufacturer, yesterday said that it has agreed to acquire Canadian distributor Maurice Pincoffs Canada for about US$7.5 million (NT$224 million).
Dyaco said its board of directors has approved the plan and that it expects the acquisition to be completed by the end of the second quarter of the year.
According to Dyaco, Maurice Pincoffs Canada is the third-largest fitness equipment supplier in Canada and generates about US$20 million in sales per year. The Canadian firm has been operating for more than 20 years.
The Canadian firm has already partnered with Dyaco in the latter’s efforts to penetrate the North American market, the Taiwanese company said.
Dyaco said the acquisition is expected to provide it with an opportunity to grasp a bigger share of the Canadian market and keep Maurice Pincoffs Canada as the third-largest supplier of fitness equipment for household use in North America.
Dyaco also owns the fitness equipment brand Spirit and has three factories in Changhua County.
The Taiwanese firm’s plan to acquire a Chinese fitness equipment producer were also approved by its board, but Dayco did not disclose further details about the acquisition.
Dyaco has been listed on the emerging stock market since October 2011.
According to local securities listing rules, a company must list its shares on the emerging market for no less than six months before deciding to list on the main board or on the over-the-counter market.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
RSS