Taiwan-based industrial computing product maker Adlink Technology on December 20 announced that Agilent Technologies, a California-based supplier of electronic measurement instruments and equipment, will become a strategic investor through acquiring its 12.609 million new shares via private placement at NT$34.50 (US$1.19) per share for a 7.39% stake.
Adlink's planned issuance of 30 million new shares specifically for private placement was approved at the company's 2012 shareholders meeting, with Agilent's acquisition to account for 42.03%, Adlink indicated.
Adlink has supplied components for Agilent since 2004, with Agilent being among Adlink's five largest clients, Adlink noted.
Agilent's investment is expected to enhance the existing cooperation as well as Adlink's R&D capability in product and technology developments, and strengthen Adlink's competitiveness in the international automated measurement market, Adlink chairman, James Liu said.
Article translated by Adam Hwang
