# Weir to acquire 30% stake in Synaptics TDDI business for $54.4 million

Weir Co., Ltd. announced that its subsidiary Hong Kong Weir will acquire the 30% stake in the TDDI business (from Synaptics) held by Fengquan Huachuang for $54.4 million, increasing its ownership to 100%.

- Type: Acquisition
- Announced: 2021-07-05
- Where: China
- Value: $54.4M
- Status: announced
- Products: touch and display driver integrated chips (TDDI)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Weir Group](https://endata.com/companies/797.md) (acquirer)
- [Synaptics](https://endata.com/companies/24839.md) (target)
- [Hong Kong Weir](https://endata.com/companies/56269.md) (acquirer)
- [Suzhou Changquan Hua Chuang Equity Investment Partnership](https://endata.com/companies/56270.md) (partner)

## Sources

- [news.metal.com](https://news.metal.com/fr/newscontent/101524504-weir-intends-to-acquire-30-per-cent-stake-in-synaptics-tddi-business-for-544-million), 2021-07-06: "Weir shares is now proposed to be acquired by Hong Kong Weir in cash for 30 per cent of the underlying company held by Fengquan Huachuang, the acquisition price has been confirmed by mutual agreement at US $54.4 million."

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