No.! MOCVD giant Ace must sell Fujian investment funds

Fujian Grand Chip Investment Fund LP Chinese (FGC) and the German semiconductor equipment manufacturer Ace (Aixtron) (AIXGn.DE) said on Monday, FGC will be 6 euros per share price of the acquisition of Ace, including net cash, Ace strong valuation of about 670 million euros ($752 million).

Compared to Ace strong three months volume weighted average price, the purchase price premium of about 51%. The transaction news to promote Ace strong stock trading in the brokerage Lang&Schwarz disk rose 20%.

"With the support of FGC, we found a strong partner, to provide a deep understanding of the market, to support our business in Asia," Ace chairman Kim Schindelhauer regulators said in a statement, saying the board of supervisors to fully support the deal.

Ace said the company will continue to be headquartered in Germany. Hale (Herzogenrath), and the root, will remain in the center of the three big German headquarters, British Cambridge and the United States of California sunnyvale.

After the completion of the acquisition, Ace CEO Martin Goetzeler and long Bernd Schulte will remain in office.

FGC will provide about 1 billion 700 million yuan ($260 million) or about 231 million euros of equity financing, the rest of the acquisition will be financed from debt financing.

Germany AIXTRON Ace strong Limited by Share Ltd is the world's leading semiconductor industry deposition equipment provider, covering a wide range of compound semiconductors, silicon semiconductors, organic semiconductors, nanotechnology and other fields.

Photo source (screenshot of the website)

In March this year, Ace has released a new OVPD display device OLAD (OrganicLarge Area Demonstrator, organic large area display), that it has reached an important milestone in the process of technology. The system has been tested in-house over the past few months, and in some cases it has had a remarkable effect.

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