WPG, already the largest distributor of semiconductor components in Asia, has strengthened its leading position through a share swap acquisition of 100% of Asian Information Technology Inc. (AIT).

The Shareholders’ meeting of both companies approved a swap ratio of 1:0.46 (AIT: WPG) derived from the two companies’ business outlook, complementary product line, EPS, net value per share, and recently audited financial statements. The effective date for closure was set for February 6th, 2009.

“The acquisition of AIT represents an excellent strategic fit to our current business, we gain great product lines with technical expertise and an experienced management team that has earned a good reputation in the industry," said Simon Huang, chairman and president. “Through out our Asia-Pacific product marketing, back-end services and logistics platform, we are excited about potential growth opportunities once the integration is complete. We will enhance our competitive position across the region and become a stronger industry leader among Asia, delivering more value-add to both our customers and suppliers that shareholders can benefit in the longer term from operational efficiencies and increased profits and cash returns.”