Corporate News     02-Nov-23
Board of ASM Technologies approves acquisition of Semcon Engineering UK
At meeting held on 01 November 2023
The Board of ASM Technologies at its meeting held on 01 November 2023 has approved the acquisition (100%) of Semcon Engineering UK through a share purchase agreement.

ASM has over three decades built expertise in the semiconductor, hi-tech, automotive industries while Semcon works with a large number of clients within several industries, includes the automotive/mobility industry, energy and life science sectors. With the acquisition of Semcon' s operations in the UK, ASM Technologies will benefit from access to global customers in UK and Europe. In particular, ASM will build both scale and competence, relevant to the transportation industry as it transitions to new propulsion systems and ever-increasing levels of driver assistance and autonomy.

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