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Edom to acquire fellow IC distributor Promaster

Edom Technology has announced plans to acquire fellow Taiwan-based IC distributor Promaster Technology, which sells mainly RF and 5G connectivity chips, through a share swap.

Promaster is currently a product distributor for US-based RF chip makers Qorvo and Microchip and is expected to target niche applications such as 5G small cells for new businesses.

Promaster will become a wholly-owned subsidiary of Edom and apply to be delisted from Taiwan's Emerging Stock market after the transaction. The share swap is set to take place on December 30, 2021.

With the acquisition, Edom will be able to provide Promaster with financial and logistics support. The two firms will also integrate their product lines and clients to tighten up their partnerships.

Edom is currently a global top-10 IC distributor and made over NT$108.5 billion (US$3.86 billion) in consolidated revenues in 2020. Promaster reported consolidated revenues of more than NT$3.9 billion in 2020.

By DIGITIMES

Link:https://www.digitimes.com/news/a20211001PD204.html?mod=3&q=IC

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