# 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.

- Type: Acquisition
- Announced: 2024-04-30
- Where: Japan
- Value: $78.0M (2.53B TWD)
- Status: announced
- Products: power supplies
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cosel](https://endata.com/companies/24875.md) (target)
- [Lite-On Technology](https://endata.com/companies/29026.md) (investor)

## Sources

- [liteon.com](https://www.liteon.com/en/news/press-center/content/strategic-investment-cosel), 2024-04-30: "This strategic investment is a sign of significant collaboration between the two companies."

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