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AT&S acquisition of Tofic completed

AT&S acquisition of Korean manufacturer of flexible printed circuit boards Tofic completed.

On 7 March 2006, after the completion of the preconditions stipulated in the Letter of Intent (LOI) from 8 February 2006, AT&S finalised the acquisition of Tofic Ltd., a Korean manufacturer of flexible printed circuit boards. The initial consolidation of Tofic Co. Ltd. will take place in the first quarter of the 2006/07 financial year, i.e. by 30 June 2006. For the full financial year 2006/07 AT&S expects a revenue contribution from Tofic of roughly USD 40 million. AT&S will delegate its actual controlling Manager, Markus Potzinger as CFO into the management board of Tofic, starting April 1st.

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March 28 2024 10:16 am V22.4.20-2
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