IMI acquires 80% stake in UK electronics manufacturer STI Enterprises

Integrated Micro-electronics (IMI), the manufacturing arm of Ayala, has agreed to acquire 80% of STI Enterprises Limited, a UK-based electronics manufacturer serving aerospace, defense, and energy industries.

“IMI's investment in STI is part of AC Industrial's deliberate and focused strategy to own, develop, enable, manufacture, and commercialize disruptive technologies and solutions across various industries including industrial and automotive.”rappler.com

• 4 sources
• rappler.comAyala’s IMI acquires British electronics manufacturer STIChris SchnabelApr 7, 2017
• iconnect007.comIMI Acquires 80% of STI Enterprises Limited :: I-Connect007Apr 7, 2017
• philstar.comAyala-owned IMI acquires 80% of UK firm | Philstar.comRichmond MercurioApr 7, 2017
• sunstar.com.phAyala unit acquires electronics firmApril Blanche CabañogMay 17, 2017

Summarized from public sources; check the original articles before acting on it.