BYD Electronics successfully acquired Jabil's product manufacturing businesses in Chengdu and Wuxi for 14.29 billion yuan

According to news from this site on December 29, in August this year, BYD Electronics entered into an acquisition framework agreement with the seller Jabil Circuit (Singapore) Co., Ltd. According to this, the seller conditionally agreed to sell, and the company conditionally agreed (by its own or its designated affiliates) to acquire 100% equity interests in Juno Newco Target Holdco Singapore Pte. Ltd. (the target company) for a consideration of approximately NT$15.8 billion.

After four months, BYD Electronics issued another announcement today, stating that all the prerequisites for the acquisition have been met. After adjustment based on the actual amounts of cash, liabilities and net working capital at the time of delivery,

the completion The cash consideration at that time was determined to be approximately RMB 14.29 billion.

In other words, BYD Electronics has officially

acquired Jabil Circuit’s subsidiaries located in Chengdu and Wuxi Product manufacturing business, including parts manufacturing business for existing customers.

According to our query results, Jabil was founded in 1966 and is headquartered in Florida, USA. Jabil has more than 100 factories around the world, covering many fields such as computer peripherals, automation and consumer products. As a Jabil company, they provide a range of services from design, development, production and assembly to system technical support and end-user distribution to customers around the world.

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