Delta Electronics Inc. (TSEC:2308) agreed to acquire SYN-TEK Automation Co., Ltd. on March 10, 2016. Post transaction Delta Electronics Inc., will be the surviving entity with the same name and SYN-TEK Automation Co., Ltd. will be dissolved. The Board of Directors of Delta Electronics Inc. and SYN-TEK Automation Co., Ltd. approved the transaction.

The transaction is expected close on April 11, 2016.