Announced
Financials
Sources
Tags
Acquisition
Disposal
Majority
Friendly
Cross Border
Private
Pending
Single Bidder
Brazil
technology
Production Technology Equipment
Synopsis
Shenzhen Longsys-backed Lexar Europe, a company that operates within the wholesale trade services of electronic and telecommunications equipment, agreed to acquire a 81% stake in SMART Brazil, a company that assembles and tests modules for electronics manufacturers that sell devices to Brazilian consumers, from SGH, a semiconductor manufacturer, for $166m. “The majority divestiture of our standards-based, commodity module business in Brazil will enable SGH to focus on our strategy of delivering high-performance, high-availability solutions to our enterprise customers. This transaction will strengthen our financial position, enabling us to increase our strategic investments into domestic research and development, and US-based production of advanced technologies,” Mark Adams, SGH CEO.
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