Delta mergers and acquisitions case hit another 1 billion 600 million mergers and acquisitions in the building of the company's 2

The delta merger to gain another victory, one hit more than 8 billion yuan (NT, about 1 billion 600 million yuan), 2 m building automation company, Delta Electronics and LOYTEC and DeltaControlsInc. today announced merger with delta Euro 72 million yuan (NT $2 billion 600 million) to obtain the LOYTEC stake, the future will be divided into 2 stages the other, Delta and ControlsInc. to complete the purchase contract signed purchase contract signing procedures, automatic business assets of the company building, currently set the total transaction amount of approximately $220 million (about 5 billion 500 million yuan NT), the transaction is expected to complete before the end of May.

Delta and LOYTEC (29) today jointly announced on one hundred percent holding subsidiaries, Delta Electronics Delta Electronics International (Singapore) Pte.Ltd., with the euro 72 million yuan (about 2 billion 600 million NT) Loy Tec electronics GmbH and Innocontrol electronics GmbH two company (hereinafter referred to as LOYTEC) equity.

Delta electric further pointed out that, with the merger of LOYTEC case, will be carried out in two phases, after the signing of the first to obtain a 85% stake in the future will be the rest of the remaining 15% stake.

Delta director Nagami Youngjun said, the merger is a ring of delta at this stage of development strategy, building automation is highly potential for the development of the industry, and the core competence and attention to environmental protection and energy saving of the Delta and consistent with the concept, will become one of the fast growing momentum of delta.

LOYTEC is to provide building management and control of highly innovative solutions for integrated air conditioning, lighting, curtains and control room automation and energy monitoring system, the two sides can play a complementary effect and multiply in product and technology.

Due to the LOYTEC business throughout the world, the main market in Europe and the United States, Delta in China and other parts of Asia and the rest of the site has more cloth. LOYTEC will serve as the center of the technology integration of delta building management and control system, by combining this strategy, both in technology and market products, are expected to form a synergy, thus strengthening the global layout in building automation field.

As for the Delta Controls in the building automation market work for more than 30 years, the building automation system support BACnet protocol of the leader, especially providing advanced solutions in HVAC applications, the main market in North America, hope that through cooperation between the two sides to speed up the development and global layout of building automation industry.

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