ASM Pacific Technology completes takeover
24 October 2011
By taking over the Chinese Siemens Electronics Assembly Systems (SEAS) Ltd., ASM Pacific Technology (ASMPT) has successfully completed its acquisition of the SMT placement machine division of Siemens AG.
Renamed to ASM Assembly Systems Ltd., the company was integrated into the ASMPT’s ASM Assembly Systems business unit, where it will operate as the Chinese component of global SIPLACE cluster organisation.
The integration of SIPLACE and ASMPT is also progressing in the executive ranks with the appointment of Joe Poh (pictured), previously Director of Sales and Marketing at ASMPT, as the new head of the Chinese SIPLACE cluster.
Günter Lauber, CEO of ASM Assembly Systems and Head of the global SIPLACE team, stated: “Joe Poh was the SIPLACE team’s candidate of choice. He was involved in the integration process from the start, and with his skills and his personality he quickly earned the respect of SIPLACE’s management and employees alike.” According to Lauber, the decision underscores his company’s progress in the integration process with its new parent as well as its ambitions in the Chinese market.
The transfer of the Chinese company’s shares and its integration into ASM Assembly Systems represents the formal completion of the acquisition of Siemens’s former SMT division, which began in early 2011. The shares in the remaining subsidiaries had already been transferred to ASM Pacific Technology in the spring. For legal reasons, the process took a little longer in China and could only be concluded on 30 September.
“With its SMT solutions business, the SIPLACE team accounted for one-third of ASMPT `s record sales and for a significant share of its profits already in the first six months of 2011. The ASMPT Group is the world’s first supplier who is able to offer its customers technologies and integrated solution ranging from wafer production to their backend assembly and packaging to the final assembly of electronic modules. This provides us with huge synergies and growth opportunities in the areas of technology, production and sales,” said W. K. Lee, CEO of ASM Pacific Technology.
Contact Details and Archive...
Related Articles...
Most Viewed Articles...