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Weltrend Receives 2023 MAPECT Taiwan M&A Award
2023-12-20
Hsinchu, Taiwan, December 20, 2023 – Weltrend Semiconductor Inc. (TWSE: 2436; hereinafter Weltrend) today announced that the Company receives “Medium-sized Enterprises M&A Deal Award” from the 2023 MAPECT Taiwan M&A Awards for the Company’s successful acquisition of Sentelic Corporation (TWSE: 4945; hereinafter “Sentelic”) in August, 2022. |
The organizers of the awards, Taiwan Mergers & Acquisitions and Private Equity Council and Business Today Magazine, will host the award ceremony at 17:30 today at the Far Eastern Grand Ballroom at the Shangri-La Far Eastern Hotel in Taipei. Chien-jen Chen, the Premier of the Executive Yuan, will speak and present awards at the ceremony. |
Started in 2011, the MAPECT Taiwan M&A Awards is an annual event that selects the best M&A cases. The judges are all major M&A professionals in the country. The award-winning cases over the years represent significant milestones in corporate mergers and acquisitions in Taiwan. For this year, there were 131 mergers and acquisitions cases across various industries including semiconductor, biotechnology, finance, and non-tech competing for various awards. |
“Sentelic is a fabless semiconductor company just like Weltrend with its focuses on motor controller for cooling fans for applications like servers, graphic cards, and home appliances.” said Sam Lin, Chairman of Weltrend Semiconductor. “Through this acquisition, it not only increases Weltrend’s market share in server cooling fans, including the use in AI servers, but also expanded the growth potential for the Company. Going forward, in addition to increases in revenues and market shares, the two companies will collaborate and create synergies in product developments, technology advancements, customer engagements, production managements, and customer services. To Weltrend as a group, it is a successful case for merger and acquisition to combine forces among peers in the industry.” |
About Weltrend Semiconductor Inc. Founded in 1989 in the "Silicon Valley of Taiwan", the Hsinchu Science Park, Weltrend Semiconductor, Inc. (TWSE: 2436) is a leading fabless semiconductor company specializing in the planning, design, testing, application development, and distribution of mixed-signal/digital IC products in power supplies, motor controls, image processing, and more across multiple applications. For more information, please visit www.weltrend.com. |