TECO Electric & Machinery Co., Ltd. agreed to acquire the remaining 40.44% stake in TECO Electro Devices Co., Ltd. for TWD 250 million
April 10, 2024
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TECO Electric & Machinery Co., Ltd. agreed to acquire the remaining 40.44% stake in TECO Electro Devices Co., Ltd. (TPEX:8041) for TWD 240 million on April 10, 2024. Crowe Horwath (TW) CPAs acted as accountant to TECO Electric and Machinery.
TECO Electric Machinery Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of heavy electricity equipment and electronic control products. The Company operates through two business segments. The Heavy Electrical Equipment segment is engaged in the manufacture and sale of various motors, reducers, inverters and generators. The Home Appliances segment is engaged in the manufacture, installation and sale of various televisions and other video appliances, as well as air conditioners, refrigerators, washing machines and small household appliances. The Company is also engaged in the provision of power engineering services and power equipment, as well as electric vehicle products, fire pumps and other products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, Australia, Japan, Singapore, Indonesia and mainland China.
TECO ELECTRIC & MACHINERY CO., LTD. 
