# Lite-On Technology to acquire 19.99% stake in Cosel Co for NT$2.53 billion

Lite-On Technology announced a strategic investment to acquire a 19.99% stake in Japanese power supply manufacturer Cosel Co for NT$2.53 billion, allowing it 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)

## Companies

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

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2024/05/01/2003817181), 2024-04-30: "The company plans to acquire a 19.99% stake in Japanese power supply manufacturer Cosel Co for NT$2.53 billion, allowing it to nominate one board member."

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