To capture the industry trend and enlarge the business scope, Compal Electronics, Inc. (“Compal”; 2324.TW) today had carried a resolution of meeting of the Board to invest in privately placed shares of Avalue Technology Inc. (“Avalue”; 3479.TW), with the investment amount of NT$494,900,000. Compal plan to invest 14 million shares of Avalue and will become the largest shareholder, with 20.54% stake, after the private placement. Compal also plan to take one Board seat in year 2015.
Avalue is a Taiwan-based Industrial PC (IPC) company, offering embedded system and industrial motherboard products, specialized in the Medical, Gaming, and POS/KIOSK applications. Through this strategic investment, Compal is able to leverage into the new business for the medical system and IoTs. Furthermore, the cooperation of R&D, procurement, manufacturing, and customer base from the both companies will accelerate developing new products, entering into new market, and pursuing orders.
Looking forward, Compal will continuously invest in the niche vertical markets, such as: industrial automation, surveillance, medical system, automotive, and smart city…etc. To grow with the industry trend, enrich product offering, and diversify customer base are what Compal committed, and expect to achieve better profitability and business growth.
Compal Electronics, Inc.
CFO，Senior Vice President and Spokesman
Tele: 886 (0)2 8797-8588