Ferrotec Holdings Corporation will make Anhui Boxinwei Semiconductor Technology Co., Ltd. a subsidiary, aiming to expand its product lineup, including aluminum shower heads, and strengthen its earnings base serving equipment manufacturers. The acquisition price is approximately ¥3.6 billion, with the acquisition scheduled for 30 November 2026. The company will acquire a 46.7% stake through a local subsidiary, increasing its equity interest to 67.6%.
Ferrotec Holdings Corporation, which operates a semiconductor manufacturing equipment-related business, will make Anhui Boxinwei Semiconductor Technology Co., Ltd., a manufacturer and seller of aluminum shower heads and other products for semiconductor manufacturing equipment, a subsidiary. The move is intended to expand its product lineup and strengthen its earnings base serving equipment manufacturers.
Anhui Boxinwei Semiconductor Technology Co., Ltd. is expected to report net sales of ¥478 million, an operating loss of ¥352 million and net assets of ¥5.76 billion for the fiscal year ending March 2026. The acquisition price is approximately ¥3.6 billion (RMB150 million), and the scheduled acquisition date is 30 November 2026.
Ferrotec Holdings Corporation is scheduled to acquire a 46.7% stake through its local subsidiary, Hangzhou Daiwa Thermomagnetic Electronics Co., Ltd., increasing its equity interest to 67.6%. Going forward, it aims to incorporate the target company’s product lineup and strengthen its earnings base serving equipment manufacturers.
Related articles include a roundup of M&A news from the past week.