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TAIPEI, Taiwan, August 08, 2017 – Delta Electronics, Inc. (hereinafter referred to as “Delta” or as the “Company”; TWSE: 2308), a global leader in power and thermal management solutions, today announced its Board of Directors has approved a proposal for a cash tender offer to acquire approximately 35% (28,631,800 shares) to 55% (44,992,800 shares) of the outstanding common shares of VIVOTEK Inc. (hereinafter referred to as “VIVOTEK”; TWSE: 3454) with an offer price of NTD98 per share. This tender offer, which is expected to begin on August 9, 2017 and end on September 26, 2017, shall be satisfied when final effective tendered shares reach the aforementioned minimum.
Delta’s chairman, Mr. Yancey Hai, remarked, “Our M&A strategy is an essential pillar of Delta’s long-term plan to sharpen its competitiveness under a rapidly evolving marketplace. We, therefore, remain committed to enhancing the value-added capabilities of our Building Automation Solutions. Security and video surveillance are such critical aspects in this field as they go way beyond buildings and actually support the creation of smart cities. VIVOTEK has been developing state-of-the-art video surveillance solutions for more than 17 years, including IoT-based smart imaging analytics. Upon completion of this tender offer, we expect to produce substantial synergies by integrating the technologies and market development platforms of both companies.” VIVOTEK is a leading brand of video surveillance solutions with strong focus on R&D and innovation, and international brand recognition. Leveraging Delta’s extensive and versatile resources is expected to be highly beneficial to VIVOTEK’s overall business and its underlying shareholders’ equity. From a product perspective, both companies could jointly develop competitive solutions capable of satisfying a larger spectrum of applications; in terms of business development, VIVOTEK could leverage Delta’s growing global presence and market channels to boost its performance; from a production standpoint, VIVOTEK could benefit from Delta’s automated manufacturing knowhow and significant procurement bargaining power. In May 2017, Delta sharpened its focus and resources by reorganizing its corporate structure into three new business categories: Power Electronics, Automation and Infrastructure. In 2016, the Company expanded its capabilities in building automation by acquiring two highly competent firms, Loytec and Delta Controls.
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