Taipei, April 16 (CNA) WT Microelectronics Co., a Taiwan-based semiconductor component distributor, has agreed to acquire Singapore-listed Excelpoint Technology Ltd. for almost NT$5 billion (US$179 million), in a bid to strengthen its product portfolio.
Semiconductor components distributor WT Microelectronics Co (文曄科技) yesterday said it would acquire a 100 percent stake in Singapore-based Excelpoint Technology Ltd (世健科技) to expand its business and better serve its customers.
Excelpoint is a regional electronic components distributor providing electronic components, engineering design services and supply chain management, its Web site says.
WT Microelectronics said in a statement that it plans to buy Excelpoint shares at S$1.93 per share through its wholly owned subsidiary WT Semiconductor Pte Ltd.
The transaction, which is to cost more than S$232.2 million (US$170.22 million), is expected to occur in the third quarter after gaining approval from Excelpoint