◂ Announcements

Apr 30, 2024ACQUISITIONJapan

LITEON invests 19.99% stake in COSEL for NTD 2.53B

LITE-ON Technology Corp. announced a strategic investment of a 19.99% stake in COSEL Co., Ltd., a Japanese power supply manufacturer, for approximately NTD 2.53 billion. The deal includes the right to nominate one board member.

Value

$78.0M (2.53B TWD)

Status

Announced

Productspower supplies

CompaniesCosel target Lite-On Technology investor

Sectors#Electrical Equipment #Semiconductors and Industrial Electronics

“This strategic investment is a sign of significant collaboration between the two companies.”liteon.com

1 source
liteon.comPress Center | LITEONLITEONApr 30, 2024

Summarized from public sources; check the original articles before acting on it.

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LITEON invests 19.99% stake in COSEL for NTD 2.53B · Endata