ASE Technology Holding's Subsidiary, USI Shanghai, Announces Completion of Acquisition of Asteelflash
Retrieved on:
Thursday, December 3, 2020
Upon making payment of the cash consideration, USI France acquired 71,530,174 shares of FAFG (approximately 89.6% of the issued shares of FAFG).
Key Points:
- Upon making payment of the cash consideration, USI France acquired 71,530,174 shares of FAFG (approximately 89.6% of the issued shares of FAFG).
- Asteelflash Group, headquartered in France, is a European leader in the electronics manufacturing services or EMS industry.
- Asteelflash Group's current management team will continue in key management roles within USI.
- USI and Asteelflash Group will immediately start to implement a synergy plan leveraging combined sales, supply chain management and technology sharing.