ASM Technologies gets nod to acquire 100% stake in Semcon Engineering UK

02 Nov 2023 Evaluate

ASM Technologies (ASM) has received approval from board of directors to acquire 100% stake in Semcon Engineering UK, through a share purchase agreement. ASM has over three decades built expertise in the semiconductor, hi-tech, automotive industries while Semcon works with a large number of clients within several industries, includes the automotive/mobility industry, energy and life science sectors. 

With the acquisition of Semcon’ s operations in the UK, ASM Technologies will benefit from access to global customers in UK and Europe. In particular, ASM will build both scale and competence, relevant to the transportation industry as it transitions to new propulsion systems and ever-increasing levels of driver assistance and autonomy. The Board of Directors of the company at their meeting held on November 01, 2023 has approved the same. 

ASM Technologies (ATL) is a global engineering and product R&D company.

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