TAICHUNG CITY, TAIWAN – Nan Ya Printed Circuit Board today announced it is acquiring Symtek Automation Asia for NT$502.3 million (US$18 million).
A 30% deposit will be paid; 60% will be paid after delivery, and 10% after acceptance.
Executive officers approved the transaction after the procurement organization completed a price comparison and negotiation.
Symtek supplies printed circuit board and semiconductor process equipment. It has over 350 employees in Zhongli, Taiwan, and over 350 employees in Dongguan, China. The company was founded as Schmid Automation Asia, then went independent in 2014 and was renamed Symtek Automation Asia.
Ed.: NT$1 = US$0.036