# Teco Electric and Walsin Lihwa form strategic alliance via share exchange

Teco Electric and Machinery Co and Walsin Lihwa Corp announced a strategic alliance through a share exchange. Teco will issue 171.1 million new shares and Walsin 205.33 million new shares, with a swap ratio of one Walsin share per 0.83 Teco shares. After the transaction, Teco will hold a 6.37% stake in Walsin and Walsin an 8% stake in Teco.

- Type: Partnership
- Announced: 2020-11-20
- Where: Taipei, Taiwan, TWN
- Status: announced
- Products: industrial motors, power cables, smart grid solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Teco Electric & Machinery Co.](https://endata.com/companies/17228.md) (partner)
- [Walsin Lihwa Corporation](https://endata.com/companies/48526.md) (partner)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2020/11/23/2003747399), 2020-11-22: "To enhance the competitiveness of both parties, we will cooperate ... in the deployment of next-generation smart grids, smart manufacturing and new energy industry applications."

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