# 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.

- Type: Acquisition
- Announced: 2017-04-06
- Where: Hook and Poynton, United Kingdom, United Kingdom
- Value: $29.7M (23.0M GBP)
- Status: announced
- Products: electronic components, electric components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Integrated Micro-Electronics Incorporated](https://endata.com/companies/16420.md) (acquirer)
- [Ayala Corporation](https://endata.com/companies/16421.md) (investor)
- [STI Enterprises Limited](https://endata.com/companies/23447.md) (target)

## Sources

- [rappler.com](https://www.rappler.com/business/166339-imi-acquires-sti-ayala-group/), 2017-04-07: "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."
- [iconnect007.com](https://iconnect007.com/article/103632/imi-acquires-80-of-sti-enterprises-limited/103635/smt), 2017-04-07: "IMI is pursuing this value-enhancing acquisition to expand its customer base into the aerospace and defense segments and to support its market specialization strategy in the industrial segment."
- [philstar.com](https://www.philstar.com/business/2017/04/08/1685117/ayala-owned-imi-acquires-80-uk-firm), 2017-04-07: "IMI is pursuing this value-enhancing acquisition to expand its customer base into the aerospace and defense segments and to support its market specialization strategy in the industrial segment."
- [sunstar.com.ph](https://www.sunstar.com.ph/more-articles/ayala-unit-acquires-electronics-firm), 2017-05-17: "IMI made an initial payment of GBP23 million (roughly US$29.7 million) on Tuesday, May 16, for the purchase of 100,000 ordinary shares equivalent to an 80-percent stake in STI Enterprises Limited"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.