Announced
Financials
Tags
China
metal casings
Electrical Components
electronic products
Majority
Acquisition
Single Bidder
Private
Pending
Friendly
Synopsis
Lens Technology, a Chinese technology company, agreed to acquire Topo Technology, a manufacturer and distributor of electronic products, and Meeca Technology, a manufacturer and distributor of metals, from Catcher Technology, a manufacturer of aluminium and magnesium die casting products, for $1.43bn. The transaction is expected to close by the end of 2020. Catcher will continue to focus on developing current products lines, such as notebook and tablet casings, through investing in R&D, optimizing manufacturing technologies and product cost structures.
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