WPG (3702 TT) announces its subgroup, World Peace Industrial Group, acquired a 100% stake of a Hong Kong-based passive component distributor, AIO Components Company Ltd. in cash
2010-03-31
WPG (3702 TT) announces its subgroup, World Peace Industrial Group, acquired a 100% stake of a Hong Kong-based passive component distributor, AIO Components Company Ltd. in cash
Date：2009/03/31
Taipei, Taiwan
WPG Holdings Limited (3702 TT) announced its 100%-owned subsidiary World Peace Industrial Group acquired a 100% stake of a Hong Kong-based passive component distributor, AIO Components Company Ltd. (AIO) in cash. With different product portfolio and customer base from its subgroup, Pernas Group, WPG is going to penetrate into new market segments and enrich product offerings of passive components through the acquisition.
AIO was established in Hong Kong in 1992 with annual revenue of around US$16 million in 2009 and total employees of 60. AIO has been working in the passive component channel distribution market with product applications focusing on power management and auto markets. The major customers of AIO include BYD, Lear, Emerson Group, Bel Fuse, and the product lines include EPCOS, Kyocera, KEMET and Littelfuse.
“The acquisition of AIO represents an excellent strategic fit to our current business, we gain great passive components product lines with technical expertise and an experienced management team that has earned a good reputation in China markets," said Simon Huang, chairman and president. “Through out our Asia-Pacific product marketing, back-end services and logistics platform, we are excited about potential growth opportunities once the integration is complete. We will enhance our competitive position across the region, delivering superior value to both our customers and suppliers that shareholders can benefit in the longer term from operational efficiencies and increased revenues with profits.”
About WPG
WPG’s current capitalization is NT$ 8.9 billion; 2009 consolidated revenues were NT$ 197 billion. WPG has around 3,700 employees. WPG is the largest distributor of semiconductor components in Asia, with sales offices across the region including Hong Kong, China, Singapore, Korea, Malaysia, Thailand, Philippines, India and Australia. WPG is dedicated to an increasingly comprehensive coverage of the semiconductor arena, integrating the 3C market, carrying complete product line, providing high value-added service and e-commerce platform to maximize its economies of scale.
About AIO
AIO Components Company Ltd was founded in 1992 engaged mainly in the business of the distribution of passive components in Hong Kong & China. The annual sales turnover is about USD16 millions. AIO has an office in Hong Kong, Shenzhen and Shanghai respectively, 60 employees. Major product lines are world-class brands such as Epcos, Hubbell, KEMET, Kyocera, Littelfuse, SEI etc.. Major customers were mainly multinational CEM companies as well as some major local manufacturers. We strategically focus on the power supplies and power conversion segment, and successfully penetrated into China local automotive manufacturers in recent years. AIO would keep expanding the product line cards in passive components & interconnectors, aims to achieve “one stop shopping” platform in the regions.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268/ ext.5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
Date：2009/03/31
Taipei, Taiwan
WPG Holdings Limited (3702 TT) announced its 100%-owned subsidiary World Peace Industrial Group acquired a 100% stake of a Hong Kong-based passive component distributor, AIO Components Company Ltd. (AIO) in cash. With different product portfolio and customer base from its subgroup, Pernas Group, WPG is going to penetrate into new market segments and enrich product offerings of passive components through the acquisition.
AIO was established in Hong Kong in 1992 with annual revenue of around US$16 million in 2009 and total employees of 60. AIO has been working in the passive component channel distribution market with product applications focusing on power management and auto markets. The major customers of AIO include BYD, Lear, Emerson Group, Bel Fuse, and the product lines include EPCOS, Kyocera, KEMET and Littelfuse.
“The acquisition of AIO represents an excellent strategic fit to our current business, we gain great passive components product lines with technical expertise and an experienced management team that has earned a good reputation in China markets," said Simon Huang, chairman and president. “Through out our Asia-Pacific product marketing, back-end services and logistics platform, we are excited about potential growth opportunities once the integration is complete. We will enhance our competitive position across the region, delivering superior value to both our customers and suppliers that shareholders can benefit in the longer term from operational efficiencies and increased revenues with profits.”
About WPG
WPG’s current capitalization is NT$ 8.9 billion; 2009 consolidated revenues were NT$ 197 billion. WPG has around 3,700 employees. WPG is the largest distributor of semiconductor components in Asia, with sales offices across the region including Hong Kong, China, Singapore, Korea, Malaysia, Thailand, Philippines, India and Australia. WPG is dedicated to an increasingly comprehensive coverage of the semiconductor arena, integrating the 3C market, carrying complete product line, providing high value-added service and e-commerce platform to maximize its economies of scale.
About AIO
AIO Components Company Ltd was founded in 1992 engaged mainly in the business of the distribution of passive components in Hong Kong & China. The annual sales turnover is about USD16 millions. AIO has an office in Hong Kong, Shenzhen and Shanghai respectively, 60 employees. Major product lines are world-class brands such as Epcos, Hubbell, KEMET, Kyocera, Littelfuse, SEI etc.. Major customers were mainly multinational CEM companies as well as some major local manufacturers. We strategically focus on the power supplies and power conversion segment, and successfully penetrated into China local automotive manufacturers in recent years. AIO would keep expanding the product line cards in passive components & interconnectors, aims to achieve “one stop shopping” platform in the regions.
IR contacts：Cliff Yuan / Kathryn Chen
Tel：886-2-27068268 ext.5268/ ext.5278
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com