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PCB | March 07, 2006

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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December 05 2018 3:01 pm V11.10.4-1