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Delta Electronics announced that its subsidiary Deltronics (Netherlands) B.V. will acquire Eltek ASA for a consideration of approximately NOK3.9 Billion
Taipei, Taiwan, December 15, 2014 – Delta Electronics announced today that its 100% owned subsidiary Deltronics (Netherlands) B.V. (DEN) will acquire Eltek ASA (Eltek) through public offering at NOK 11.75 per share for up to 100% of all outstanding Eltek shares with estimated value of NOK3.9 billion (USD530 million). The transaction is expected to complete by June 2015.
Delta Electronics is a major power supplies provider with core expertise in power electronics design, manufacturing and global operations. Eltek is a leader in power supply development and marketing with over 40 years of experience mainly in European and American markets. This strategic acquisition marks a significant step to Delta and brings to both Delta and Eltek the unique synergy to leverage engineering, sales and global operations platforms from each other to provide customers with unparalleled product solutions and services. Through integrating valuable resources from both companies, we believe this transaction is mutually beneficial and unleash huge potential to solidify our leadership and long-term growth opportunity in global power business.
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