AT&S Completes Sale of Ansan Plant in Korea to SO.MA.CI.S. S.p.A.
February 3, 2025 | AT&SEstimated reading time: Less than a minute
AT&S and SO.MA.CI.S. S.p.A. have successfully closed the sale of all AT&S shares in AT&S Korea CO., LTD. (and thus the plant in Ansan, Korea) to SO.MA.CI.S.
“We are pleased that with SO.MA.CI.S. we have found a new owner who sees the further potential of the plant and will leverage it,” explains Peter Schneider, Spokesman of the Management Board. “The sale has enabled us to further sharpen our strategic profile, and the cash inflow from the sale will strengthen our financial position,” emphasizes CFO Petra Preining.
The purchase price (equity value) amounts to € 405 million plus around € 17 million in interest income (equity ticker). Management expects the transaction to result in a cash inflow of € 386 million after deduction of taxes, of which € 79 million has already been received in the form of dividend payments and an advance payment as of December 31, 2024. The ratio of net debt to EBITDA will thus be reduced to below 3.
Suggested Items
Eltek Reports Full Year and Q4 2024 Financial Results
03/13/2025 | EltekEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the full year and fourth quarter ended December 31, 2024.
Apple’s Year-End Production Peak and China’s Subsidy Policies Drive 9.2% QoQ Growth in 4Q24 Smartphone Production
03/11/2025 | TrendForceTrendForce reports that global smartphone production in the last quarter of 2024 reached 334.5 million units, reflecting a 9.2% QoQ increase, driven by Apple’s peak production season and consumer subsidies from local Chinese governments.
IDC Adjusts PC and Tablet Forecasts but Still Expects Commercial Demand to Provide Growth
03/04/2025 | IDCIn the wake of the USA’s tariffs on China as well as a weakening market sentiment, mostly in the consumer space, IDC has reduced its traditional PC forecast in 2025 and beyond. Global PC volume is now expected to reach 273 million in 2025, still growing +3.7% over the prior year though this is a slight reduction from the prior forecast.
HANZA Completes Leden Group Oy Acquisition; Broadens Customer Base and Strengthens Mechanical Expertise
03/03/2025 | HANZAHANZA AB has completed the acquisition of the Finnish billion SEK company Leden Group Oy, a leading player in advanced mechanical manufacturing.
Wistron Announces 2024 Financials and BOD Results
02/27/2025 | WistronWistron Corp. held a Board of Directors meeting and announced its financial results for 2024. The company reported consolidated revenue of NTD 1,049 billion, operating income of NTD 38,980 million, profit before tax (PBT) of NTD 40,057 million, and profit after tax (PAT) of NTD 17,439 million, with earnings per share (EPS) of NTD 6.11.