Dec 12, 2019ACQUISITIONFrance Universal Scientific Industrial acquires Asteelflash for $450 million
Universal Scientific Industrial (Shanghai) Co., Ltd. agreed to acquire 100% of Asteelflash for $450 million, with 89.6% in cash and 10.4% in USI shares.
Productssystem in package manufacturingelectronic manufacturing services
“USI will acquire 100% of the equity interests in Asteelflash for an aggregate consideration of $450 million, of which 89.6% will be paid in cash and 10.4% will be paid through the issuance of shares in USI to the holding company of Asteelflash’s founder.”davispolk.com
- 3 sources
- davispolk.comDavis Polk Advises Universal Scientific Industrial on Its Acquisition of Asteelflash | Davis PolkDec 12, 2019
- usiglobal.comUSI | USI Intends to Acquire Asteelflash, Europe's Second-Largest EMS Company, to Accelerate Its Global ExpansionDec 13, 2019
- prnewswire.comUSI Intends to Acquire Asteelflash, Europe's Second-Largest EMS Company, to Accelerate Its Global ExpansionUniversal Scientific Industrial (Shanghai) Co., Ltd.Dec 13, 2019
Summarized from public sources; check the original articles before acting on it.
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