Inari Bhd is optimistic the proposed 100% equity acquisition of Amertron Inc (Global) Ltd will boost its revenue by three fold.
Inari, an electronics manufacturing services (EMS) provider, and Amertron Global, a Cayman Islands-incorporated company, inked a memorandum of understanding today to start negotiations for the acquisition, expected to be completed in the second half of 2012.
Amertron has three EMS plants, two operating in the Philippines and one in China, with about 3,700 employees worldwide. He said with Amertron Global on board, Inari would be a step closer to becoming a multinational EMS player.
The acquisition would enable Inari to move into new markets, broaden customer base, expertise and manufacturing capacity as well as increase its current staff strength by four-fold. This move to strengthen its position will give it access to Amertron's global customer base in Asia, the US and Europe.
In its goal to be a leading global EMS industry player, Inari embarked to be listed on the ACE Market of Bursa Malaysia in July 2011. Inari provides end-to-end, vertically-integrated semiconductor packaging services for radio frequency chips in the wireless and mobile technology markets, while Amertron Global, also an EMS provider, focuses on the manufacture of mainly optoelectronic modules.
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