January 10, 2012 — Inari Berhad, semiconductor packaging services provider, signed a memorandum of understanding (MOU) to acquire 100% of the equity of Amertron Global, an investment holding company incorporated in the Cayman Islands. The businesses, Amertron Incorporated in the Philippines and Amertron Technology (Kunshan) Co. Ltd in China, provide microelectronics and optoelectronics manufacturing services.
The Amertron Global Group employs approximately 3700 employees in facilities located in the Philippines and China with about 26,700 square metres of manufacturing floor space. Based on audited financial statements for the 6 months financial period ended 30 June 2011, Amertron Global registered net sales of USD66.2 million and profit after tax of USD2.9 million for the half year period. Learn more about Amertron at http://www.amertron-global.com/index.html.
The acquisition of Amertron Global is in line with the Inari Group