Leading industrial PC maker Advantech Co (研華) plans to acquire Aures Technologies SA, a French company known for its point-of-sale (POS) and kiosk equipment, to expand its global coverage in smart retail products and services.
Advantech proposed to acquire 3.938 million Aures shares from the French firm’s major shareholder and through a public tender offer at up to 6.7 euros per share, the PC maker said in a statement after announcing the deal at the Taiwan Stock Exchange late on Friday.
The company aims to acquire up to 100 percent equity of Aures, a well-known brand in the western market with a strong presence for its POS equipment in Europe, Australia and the US, the statement said.
Photo: Fang Wei-chieh, Taipei Times
Advantech also plans to subscribe newly issued convertible bonds from Aures, totaling 5 million euros (US$5.35 million), to support its working capital, it added.
The companies expect to close the transaction following the completion of internal approval processes by both parties and regulatory approval from relevant authorities, the statement said.
The deal comes as the global retail industry has gone through significant challenges in the past few years due to the COVID-19 pandemic, supply chain disruptions, global inflation and interest rate hikes. At the same time, the rise of artificial intelligence and shifts in consumer behavior have spurred industry transformation and consolidation trends.
It has identified smart retail as a sector with significant potential and believes the deal would create greater synergy, as the two firms complement each other in terms of regional coverage, product portfolio and organizational capabilities, said Advantech, the first regional industrial PC vendor dedicated to smart cities and the Internet of Things (IoT).
Following the acquisition, Aures would maintain its independent operations, while Advantech assists in optimizing its management system, creating synergies through product roadmap integration, technical support and cross-selling initiatives, the statement said.
Advantech on Friday also reported net profit of NT$1.99 billion (US$61.1 million) for the January-to-March quarter, which was down 32.7 percent from a year earlier and 13 percent lower than the previous quarter.
Earnings per share were NT$2.32 in the quarter, the lowest since the second quarter of 2021, when it was NT$2.31 per share, while gross and operating margins declined to 40 percent and 13.8 percent respectively.
First-quarter revenue was NT$13.88 billion, down 20.21 percent year-on-year and 8.31 percent quarter-on-quarter, as the company’s business units — comprising embedded IoT, industrial cloud and video, applied computing, industrial IoT and service IoT — all underperformed with double-digit percentage declines.
By region, sales in Taiwan in the quarter outperformed other markets, with annual growth of 9 percent and shipments to China posted only a single-digit percentage fall on the back of transportation and semiconductor equipment-related projects, the company said.
However, sales to North America, Europe, North Asia and emerging markets registered double-digit percentage declines on an annual basis due to weak demand, it said.
Advantech said challenges of overall economy and regional markets remain severe for this quarter and customers are still conservative about placing new orders.
However, the anticipated acceleration of global manufacturing automation, smart energy and infrastructure upgrades is expected to further drive the company’s related new project shipments in the second half of the year, it said.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS