Comprehensive M&A data with integrated detailed company information

China’s Jingfang Optotelectronics acquires Anteryon
Posted on Thursday, 03 January 2019 13:04
An investment vehicle ultimately owned by China Wafer Level CSP is acquiring a majority stake in Dutch optical precision components designer Anteryon for EUR 32.25 million to steal a march on new opportunities.

The Eindhoven-registered manufacturer was spun off from Philips, one of the largest electronics companies in the world, in 2006 and today delivers standard and customer specific components and related services.

Its core technologies comprise glass replication, surface structuring, coatings and opto-mechanical and -electronic assemblies, which are used to design and make equipment and instruments such as lenses, laser modules, fibre collimators and mastering substrates.

Applications range from optical data storage and automotive safety vision to sensors and 3D displays within the semiconductor, mobile, automotive, security, industrial automation market segments, among others.

China Wafer Level CSP is focused on designing and manufacturing image, biometric identification, ambient light, medical electronic and automotive sensor devices, and claims to be a leading provider of wafer level miniaturisation technologies and processes for the electronics industry.

Last year it took part in establishing a fund to carry out investments and acquisitions in the field of integrated circuits.

This vehicle is now going beyond its initial business scope by entering into the agreement to acquire a majority stake in Anteryon via newly-formed 99.9 per cent-owned Suzhou Jingfang Optotelectronics Technology.

However, the investment is beneficial to extending China Wafer Level CSP’s industrial chain and layout as it will be able to quickly and effectively enter emerging application areas related to the Internet of Things and artificial intelligence, for example.

New business opportunities should help score profit growth points, especially considering revenue and net profit for the nine months to 30th September 2018 were down at CNY 425.00 million (EUR 54.28 million) and CNY 30.00 million, respectively.

© Zephus Ltd