Wire harness maker BizLink Holding Inc (貿聯控股) on Friday announced that it had reached a binding agreement with Leoni AG to acquire the German company’s Leoni Industrial Solutions for 451 million euros (US$522.9 million) in an all-cash transaction.
BizLink’s board of directors approved the acquisition and the company is planning to fund the deal with cash and bank financing, the company said in a regulatory filing.
BizLink has NT$9.062 billion (US$325 million) in working capital, it said.
Leoni Industrial Solutions last year reported revenue of 430 million euros.
It is a leading supplier of cables and cable systems for a wide range of