Wire harness maker BizLink Holding Inc (貿聯控股) yesterday said it has signed a definitive purchase agreement to acquire Easys s.r.o. for 51.5 million euros (US$56.73 million) and expects to close the deal in the fourth quarter.
BizLink, which supplies wiring harnesses and other interconnect solutions for global brands, first announced the intention to acquire Slovak electrical equipment maker Easys on Aug. 26 to bolster its semiconductor equipment business and extend its reach in Eastern Europe.
Easys has established a strong track record in the semiconductor equipment market, BizLink said.
Photo courtesy of BizLink Holding Inc
The deal would increase its capital equipment sales exposure ahead of the upcoming multiyear upcycle for the semiconductor equipment industry, it said.
“The company views this deal an attractive opportunity to bolster strategic plans to attract and win even more high-value assembly projects from the semiconductor industry across more regions,” BizLink chairman Roger Liang (梁華哲) said in a statement.
With this transaction, BizLink plans to integrate Easys into its industrial business segment, potentially helping to make the capital equipment category the largest contributor of the segment and further improve the company’s overall operating performance, Liang said.
Sales generated by the industrial business segment accounted for the largest share of the company’s total sales last quarter at 40 percent, company data showed.
In the first half of the year, BizLink’s net profit was NT$1.58 billion (US$49.21 million), up 48.22 percent from a year earlier, and earnings per share rose from NT$6.76 to NT$9.69. Its revenue in the first eight months grew 1.58 percent year-on-year to NT$35.03 billion.
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