Delta Electronics Thailand PCL : February 14, 2017 Delta Electronics (Thailand) Announces Deal with Delta Electronics, Inc.
February 15, 2017 at 09:17 pm EST
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BANGKOK, Thailand, February 14, 2017. - Delta Electronics (Thailand) Public Company Limited (later referred as 'Delta Thailand'), announced today its board of directors has made a decision to approve a deal in which stakes in four overseas subsidiaries, currently owned by Delta Thailand's subsidiary Delta Greentech (Netherlands) BV (later referred as 'DGN'), shall be sold to Delta Electronics (Netherlands) BV (later referred as 'DEN'), subsidiary of Delta Electronics, Inc. This deal shall allow Delta Thailand to realign its core competencies and resources to focus on selected high-end power systems and other electronics and industrial products.
The deal includes the sale of 51% stake in Delta Energy Systems (Switzerland) AG and Delta Greentech Electronics Industry LLC as well as the sale of 100% shares in subsidiaries Delta Greentech (USA) Corporation and Delta Greentech (Brasil) SA to DEN. The total sale value is USD24.85 million, equivalent to approximately THB874.36 million. DEN will sell its 100% stake in Eltek s.r.o. (later referred as 'Eltek SK'), valued at USD 22 million (equivalent to THB774.08 million). It is expected that these transactions will
The subsidiaries sold to DEN are mainly focused on the trading of power systems. Eltek SK engages in the manufacturing of telecom power systems in Slovakia. Thus, the acquisition of the manufacturing expertise and capabilities of Eltek SK is expected to improve the economies of scale of Delta Thailand's existing manufacturing and assembly platform in Slovakia which is dedicated to a wider range of power supplies products. The strategic nature of this deal envisions a win-win approach aimed at reinforcing the respective core competencies and strengths of both companies, with palpable synergies expected as the ultimate result.
Delta Electronics (Thailand) pcl published this content on 14 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 February 2017 02:16:13 UTC.
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Delta Electronics (Thailand) Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of electronic products, together with related research and development. The Companyâs segments include Power electronics, Infrastructure and Automation. Its Power electronics segment designs, manufactures, and sells power supplies applied to computers, servers, office automation equipment, household electric appliances, and automotive electronic products. Its Infrastructure segment designs, manufactures, and installs information and communication technology infrastructure and energy system infrastructure. Its main products include telecommunication systems, renewable energy, energy storage, and high power. Its Automation segment designs, manufactures, and installs industrial and building automation. Its main products include machine automation, industrial motion systems, smart sensor systems, lighting automation for buildings, and others.
DELTA ELECTRONICS (THAILAND) 
