Shenzhen Longsys-backed Lexar Europe to acquire a 81% stake in SMART Brazil from SGH for $166m.

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.