# DFI to acquire 20.49% stake in Ace Pillar for NT$460 million

DFI Inc. approved a joint venture on September 23, 2019, to invest NT$460 million to acquire a 20.49% stake in Ace Pillar Co. through a private placement, including Ace Pillar's dealerships with 30 key components brands in Taiwan, Japan and Europe.

- Type: Acquisition
- Announced: 2019-09-26
- Where: Taipei, TWN
- Value: $14.8M (460.0M TWD)
- Status: announced
- Products: mechatronics, computing platforms, embedded applications, OT hardware components
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Qisda](https://endata.com/companies/41222.md) (investor)
- [DFI Corporation](https://endata.com/companies/41739.md) (acquirer)
- [Ace Pillar Co.](https://endata.com/companies/42336.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/dfi-of-qisdabenq-allied-with-ace-pillar-to-advance-in-smart-manufacturing-300926060.html), 2019-09-26: "The boards of DFI and Ace Pillar approved a joint venture on September 23 with an investment of NT$ 460 million by DFI to acquire a 20.49% stake of Ace Pillar Co."

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