SCHRAMBERG, GERMANY -- Wus Printed Circuits has approved the acquisition of a majority stake in Schweizer Electronic (Jiangsu), increasing its share of the printed circuit board fabricator to 70% from approximately 13%.

The transfer of the shares and payment of the purchase price is expected to take place before end of April.

Also this month, Wus plans to carry out a capital increase of around EUR 29 million at the joint venture in China, in which Schweizer Electronic AG will not participate. Schweizer will hold around 20% of the JV when the transactions are closed.

The JV will continue to operate under the name Schweizer Electronic. Under the new majority structure Schweizer Electronic will retain a seat on the board.

Schweizer, which generates almost 30% of its consolidated sales through its JV for high-frequency PCBs, has also agreed to significantly expand its cooperation with Wus. It retains its flagship printed circuit board fabrication plant in Schramberg, with a focus on ensuring high production volumes of chip embedding technology, while also having full access to the technologies of the other Wus plants. In addition to sites in Germany, Taiwan and China, the company plans to expand in Thailand.

"This enables Schweizer to address additional product and market segments and increases the opportunity for additional growth without the need for own high investments in production capacities, the company said in a press release.

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