Power and thermal management solutions provider Delta Electronics Inc (台達電) on Saturday said it would acquire US-based Universal Instruments Corp for US$88.9 million.
Taking over the precision automation solutions company would boost Delta’s smart manufacturing and industrial automation capabilities, and generate substantial research-and-development and customer base synergies, the Taipei-based firm said.
“Universal Instruments has a remarkable track record and long-lasting customer relationships in the electronics manufacturing field, which is a key focus of Delta’s industrial automation business,” Delta chief executive officer Cheng Ping (鄭平) said.
Headquartered in Conklin, New York, Universal designs and manufactures automation and assembly equipment solutions for electronics manufacturers. The