SMT, PCB Electronics Industry News

AT&S To Acquire 77% Stake In AIK's PCB Operations

Jan 24, 2003

Vienna, Austria---AT&S Austria Technologie and Systeme AG (R.AST) said it will acquire a 77% stake in the printed circuit board business of AIK Electronics Austria.

The purchase price was not revealed.

The take-over will become effective Feb. 1, 2003. The remaining 23% is being taken over by a local holding company.

In the next fiscal year 2003/2004 this transaction is expected to generate revenues of around EUR14 million while not affecting net income.

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