TOKYO – Meiko Electronics and Schweizer Electronic will invest about $6.3 million apiece in each other’s PCB companies next month.
Meiko is scheduled to buy a roughly 5% stake in Schweizer, while Schweizer plans to acquire 1.62% of the shares in Meiko.
The move is designed to strengthen PCB manufacturing for such industries as automotive.
The companies have been working together since April 2009.