DFI Inc. completed the acquisition of an additional 14.51% stake in in Ace Pillar Co., Ltd. for approximately TWD 520 million.
September 29, 2021
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DFI Inc. (TWSE:2397) agreed to acquire an additional 16% stake in Ace Pillar Co., Ltd. (TWSE:8374) for approximately TWD 580 million on June 9, 2021. Under the terms of the transaction, DFI Inc. will pay NT 32 in cash per share to acquire 17.97 million shares in Ace Pillar Enterprise Co., Ltd. The planned maximum purchase quantity is 17,970,000 shares (about 16% of the total issued shares), and the minimum purchase quantity is 5,612,525 shares (about 5% of the total shares). If the acquired equity reaches the minimum purchase quantity, the acquisition will be achieved. The start date of the acquisition is expected to be no later than June 10, 2021 and the deadline is July 29, 2021.
DFI Inc. (TWSE:2397) completed the acquisition of an additional 14.51% stake in in Ace Pillar Co., Ltd. (TWSE:8374) for approximately TWD 520 million in period ending September 30, 2021.
ACE PILLAR CO., LTD is a Taiwan-based company principally engaged in the distribution of automatic mechatronics components. The Company operates in three business segments, including Taiwan segment, China Mainland segment and the Others segment. The Company provides frequency converters, including frequency converters and related components; automation drive and control systems, including general server motors and drivers, direct drive server motors and drivers, linear server motors and drivers; automation transmission series, including shaft joints, electromagnetic clutch brakes, limitators, decelerators, distribution plates, reducers, and speed-variators; controllers and monitoring systems, including programmable logic controllers (PLCs), computer numerical controllers (CNCs), human-machine interfaces (HMIs), as well as air compressors. The Company distributes its products within domestic market and to overseas markets.