WPG (3702 TT) Announces Aeco (6119 TT) Will Join WPG Holdings by 100% Share Swap
2011-10-06
WPG (3702 TT) Announces Aeco (6119 TT) Will Join WPG Holdings by 100% Share Swap
Date：2011/10/06
Taipei, Taiwan
WPG Holdings Limited. (WPG) and Aeco Technology Co. (Aeco) boards approved a merger via a 100% share swap, where 1 Aeco share can be converted to 0.455 WPG shares. This acquisition is expected to be concluded on March 1, 2012.
WPG Holdings was founded on 09 November 2005 (3702 TT), serves as a franchise partner for over 280 world-wide brands in 3C applications. With over 6,000 staff in over 43 sales offices around Greater China and Asia Pacific region, the company continues to outdistance its rivals as the largest industrial distributor in Asia and perhaps more significantly, is rated the best semiconductor distributor in Asia by both customers and suppliers. The resulting synergy from the WPI Group, SAC Group, RichPower Group, Pernas Group, AIT Group and Yosun group integration, has elevated WPG Holdings to rank within the top three IC component distributors worldwide.
The share swap ratio will be 1:0.455 (Aeco: WPG) derived from the two companies’ business outlook, EPS, market capitalization, net value per share, and recent audited financial statements till June 30th, 2011. Both parties will convene a shareholders’ meeting in November 23rd 2011 and upon the approval of TSEC and the completion of share conversion, WPG and Aeco have tentatively agreed to set March 1st, 2012 as the effective date.
"With this deal, we have gained a highly experienced management team and complementary product lines, the strong and comprehensive platform of product marketing, back-end service and efficient logistics support will allow us providing better customer service and position WPG for continued profitable, above-market growth in the Asia Pacific region," said Simon Huang, chairman and president of WPG. “The combination materializes the collaboration between WPG and Aeco and paves the way for more business rationalization and development, hence rendering the best value proposition to its shareholders.
About WPG
WPG’s current capitalization is NT$ 15.8 billion; First half 2011 consolidated revenues were NT$ 162.9 billion. WPG has around 6,000 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.
IR contacts：Cliff Yuan
Tel：886-2-27068268 ext.5268
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
About Aeco
Aeco Technology was established in 1975 with a total of 400 employees. Aeco is a Taiwan based IC distributor with revenue and earnings of NT$ 38.53billion and NT$92.10 million in 1H11. The company focuses on analog IC and power solutions. Its key product lines are used by Avago, Farichild, Intersil, National Semiconductor, Pixewroks, ROHM, Windbond, and Nuvoton.
IR contacts：Dumas Yang
Tel：886-2-2555-9676 ext.8358
Corporate website: www.aecotech.com.tw
Date：2011/10/06
Taipei, Taiwan
WPG Holdings Limited. (WPG) and Aeco Technology Co. (Aeco) boards approved a merger via a 100% share swap, where 1 Aeco share can be converted to 0.455 WPG shares. This acquisition is expected to be concluded on March 1, 2012.
WPG Holdings was founded on 09 November 2005 (3702 TT), serves as a franchise partner for over 280 world-wide brands in 3C applications. With over 6,000 staff in over 43 sales offices around Greater China and Asia Pacific region, the company continues to outdistance its rivals as the largest industrial distributor in Asia and perhaps more significantly, is rated the best semiconductor distributor in Asia by both customers and suppliers. The resulting synergy from the WPI Group, SAC Group, RichPower Group, Pernas Group, AIT Group and Yosun group integration, has elevated WPG Holdings to rank within the top three IC component distributors worldwide.
The share swap ratio will be 1:0.455 (Aeco: WPG) derived from the two companies’ business outlook, EPS, market capitalization, net value per share, and recent audited financial statements till June 30th, 2011. Both parties will convene a shareholders’ meeting in November 23rd 2011 and upon the approval of TSEC and the completion of share conversion, WPG and Aeco have tentatively agreed to set March 1st, 2012 as the effective date.
"With this deal, we have gained a highly experienced management team and complementary product lines, the strong and comprehensive platform of product marketing, back-end service and efficient logistics support will allow us providing better customer service and position WPG for continued profitable, above-market growth in the Asia Pacific region," said Simon Huang, chairman and president of WPG. “The combination materializes the collaboration between WPG and Aeco and paves the way for more business rationalization and development, hence rendering the best value proposition to its shareholders.
About WPG
WPG’s current capitalization is NT$ 15.8 billion; First half 2011 consolidated revenues were NT$ 162.9 billion. WPG has around 6,000 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.
IR contacts：Cliff Yuan
Tel：886-2-27068268 ext.5268
Email：ir@WPGholdings.com
Corporate website: www.WPGholdings.com
About Aeco
Aeco Technology was established in 1975 with a total of 400 employees. Aeco is a Taiwan based IC distributor with revenue and earnings of NT$ 38.53billion and NT$92.10 million in 1H11. The company focuses on analog IC and power solutions. Its key product lines are used by Avago, Farichild, Intersil, National Semiconductor, Pixewroks, ROHM, Windbond, and Nuvoton.
IR contacts：Dumas Yang
Tel：886-2-2555-9676 ext.8358
Corporate website: www.aecotech.com.tw