GlobalWafers Co Ltd (環球晶圓) yesterday said it has agreed to acquire a silicon wafer division of Topsil Semiconductor Materials A/S for 320 million kroner (US$48.28 million) in cash in a bid to expand its presence in Europe.
The silicon wafer supplier said the acquisition matches its strategy to add float-zone wafers to its current product portfolios, as well as to consolidate its global position within the silicon wafer industry.
Topsil’s float-zone wafers are used in a wide variety of high and medium-power applications, with growth supported by rising demand in infrastructure and energy sectors, the companies said in a joint statement.
“Completion of the transaction will enable GlobalWafers to realize significant synergies” in terms of float-zone technology and Topsil’s customer and supplier networks, GlobalWafers chief executive officer and chairwoman Doris Hsu (徐秀蘭) said in the statement.
The deal is expected to help GlobalWafers increase manufacturing sties and sales representing offices to Europe.
Topsil, which is headquartered in Copenhagen, owns factories in Denmark and Poland, while it has sales offices in Denmark, Poland, China, India, Japan and the US.
Topsil’s silicon wafer division generated about 270 million kroner in revenue last year, the statement said.
The transaction is expected to be completed in early July after receiving approval from regulators.
GlobalWafers shares rose 0.15 percent to reach NT$66.3, under-performing the TPEX, which rose 0.54 percent yesterday.
GlobalWafers, a subsidiary of solar wafer maker Sino-American Silicon Products Inc (中美矽晶), was included in the MSCI’s World Small-and-Medium Cap Index last week. The new MSCI index is to take effect on June 1.
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