# USI Shanghai completes acquisition of Asteelflash Group

ASE Technology Holding's subsidiary USI Shanghai has completed the acquisition of 100% of Asteelflash Group for a closing consideration of US$421,481,287, including cash and shares. Asteelflash is a European EMS leader headquartered in France.

- Type: Acquisition
- Announced: 2020-12-03
- Where: France
- Value: $421.5M
- Status: completed
- Products: electronics manufacturing services (EMS)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Universal Scientific Industrial (Shanghai)](https://endata.com/companies/29912.md) (acquirer)
- [Asteelflash Group](https://endata.com/companies/32802.md) (target)
- [ASE Technology Holding Co](https://endata.com/companies/33713.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/ase-technology-holdings-subsidiary-usi-shanghai-announces-completion-of-acquisition-of-asteelflash-301185526.html), 2020-12-03: "The combined companies' customer portfolio, expanded global footprint and technological capabilities will allow for geographical market expansion along with broadened service offerings."

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