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
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
Shares of Largan Precision Co (大立光) rose 7.2 percent yesterday, beating the broader market’s 0.83 percent increase, Taiwan Stock Exchange data showed, one day after the supplier of smartphone camera lenses announced that it was to implement its first-ever buyback program for two months from yesterday.
About 2.46 million Largan shares changed hands yesterday, the most since Jan. 6, stock exchange data showed.
Largan’s board of directors on Monday approved the buyback program in a bid to support its share prices and safeguard the interests of shareholders, the company said in a regulatory filing.
Its shares closed at NT$2,160 yesterday in Taipei trading,
Equity investors are advised to choose stocks that are poised to benefit from growth potential in the medium to long term, such as those related to high-performance computing, artificial intelligence and electric vehicle sectors, as market corrections continue to weigh on the local bourse, Allianz Global Investors Taiwan Ltd (安聯投信) said on Friday.
“The main bourse has shown mixed performances since the end of September, with financial and electronic stocks outperforming the broader market, while shipping, chip packaging and testing, optical, steel, printed circuit board and passive component sectors have underperformed the market on the back of worries about softening demand
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