Technology peripheralsIt IndustryJabil agrees with BYD Electronics to acquire its product manufacturing business in Chengdu and Wuxi for approximately 15.8 billion yuanJabil agrees with BYD Electronics to acquire its product manufacturing business in Chengdu and Wuxi for approximately 15.8 billion yuan
According to news from this site on September 27, BYD Electronics announced on August 28 that the company had entered into an acquisition framework agreement with the seller Jabil Circuit (Singapore) Co., Ltd. According to this, the seller conditionally agreed to the sale, and the company conditionally Agreed to acquire (by itself or its designated affiliates) 100% of Juno Newco Target Holdco Singapore Pte. Ltd. (the target company) for a consideration of approximately $15.8 billion.
Today, BYD Electronics issued another announcement on the Hong Kong Stock Exchange. Jabil Circuit (Singapore) agreed to BYD Electronics’ acquisition of the seller’s products in Chengdu and Wuxi for approximately RMB 15.8 billion (approximately US$2.2 billion). Manufacturing business, including parts manufacturing business for existing customers.
The announcement mentioned that the seller agreed to sell all its shares and Singapore assets to BYD Electronics under certain conditions. After the reorganization is completed, the target business will be transferred to the target group. This business mainly includes the mobile electronics manufacturing business of the seller group in Chengdu and Wuxi, involving the production of consumer electronics parts
Notes from this site: Jabil Circuit ( Singapore) Limited is a private company incorporated in Singapore and is a subsidiary of Jabil Inc., a company listed on the New York Stock Exchange and a manufacturing solutions provider with operations in 30 countries. More than 250,000 employees at 100 locations. Jabil Inc.’s main businesses include electronic manufacturing services (EMS) and design engineering, manufacturing and supply chain services for the consumer industry; and materials technology services (plastics, metals, automation and molds).
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