FRIWO AG agreed to acquire a Converter and Inductor Manufacturing Facility in Vietnam from Group Intellect Power Technology Limited for $3.4 million on December 8, 2016. The transaction is subject to various standard market conditions and is to be carried out in January 2017. Deloitte & Touche Corporate Finance Gmbh acted as financial advisor and Deloitte Vietnam Co. Ltd. acted as accountant to FRIWO. FRIWO AG completed the acquisition of a Converter and Inductor Manufacturing Facility in Vietnam from Group Intellect Power Technology Limited on January 4, 2017.