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ASE Group unit to acquire Asteelflash, one of Europe's largest electronics manufacturing provider

ASE Technology Holding Co will enter into an equity acquisition agreement fully acquire Europe’s second-largest electronics manufacturing service (EMS) provider, Asteelflash Group.

The acquisition is to be made through ASE Technology’s EMS subsidiary, Universal Scientific Industrial (Shanghai) Co Ltd indirectly for US$450 million.

"The acquisition of Asteelflash will create a synergy through its complementary geographical footprint, targeted market segments, customers, business model and technological capabilities,” ASE Technology chief financial officer Joseph Tung.

Asteelflash can leverage Universal Scientific’s global scale of operations and manufacturing, with its branding and service capabilities to take advantage of opportunities to handle larger orders demads.

Asteelflash is a global leader in Electronic Manufacturing Services (EMS) and Supply-Chain Management solutions with 17 manufacturing locations in eight countries and has more than 6’000 employees worldwide.

The company offers Printed-Circuit Boards Assembly (PCBA), Box-Build Assembly, Full Product Assembly as well as Conformal Coating and Surface Treatment and testing.


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