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Trio-Tech acquires Chinese test, burn-in facility

Posted: 30 Nov 2005 ?? ?Print Version ?Bookmark and Share

Keywords:Trio-Tech International? Globetronics Shanghai? GSI?

Trio-Tech International announced (Nov. 29) it has entered into a definitive agreement to acquire all of the outstanding shares of Globetronics Shanghai Inc. (GSI), a semiconductor testing and burn-in business located in Shanghai, China.

Trio-Tech said it purchased the GSI assets from Britain's Globetronics International Inc. for approximately $525,000 in cash.

In a statement issued by Trio-Tech, CEO S.W. Yong said the company has for years supported multinational customer requirements from facilities in Singapore, Malaysia and Thailand.

"The time is now right for Trio-Tech to provide this support in China," Yong said.

The transaction, which is still subject to approval by certain government authorities, is expected to close within three months.

EE Times

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