SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • ASM Pacific Technology acquires Siemens Electronics Assembly Systems

ASM Pacific Technology acquires Siemens Electronics Assembly Systems

Aug 17, 2010

Siemens is selling its SIPLACE placement equipment business to ASM Pacific Technology Ltd., Hong Kong. Both companies have signed an agreement to that effect, which is expected to take effect by early 2011 at the latest, provided the cartel authorities and the shareholders of ASM agree. This brings Siemens’s search for a strategic, industrial investor for its Siemens Electronics Assembly Systems GmbH & Co. KG subsidiary (SEAS) to a successful conclusion.

The Hong Kong–based company with almost 12,000 employees worldwide and more than €425 million in sales is one of the world’s leaders in the production of chip assembly and bonding equipment. By acquiring SEAS, ASM adds the globally leading SIPLACE placement technology brand to its portfolio and strengthens its own global presence, particularly in Europe.

On the other hand, the deal gives the SIPLACE team access to ASM’s broad customer base and its advanced distribution network in Asia, especially in China, to supplement its own excellent contacts with technologically leading companies all over the world. Neither ASM nor SEAS plans any job reductions or location closings as a result of this deal, as both companies plan on concentrating their focus on strengthening and expanding their customer relationships in their respective markets. The SIPLACE headquarters in Munich will not only continue to be the global development center for placement machine technology, but become the European headquarters for the total product portfolio.

"The general terms of this agreement are very promising for Siemens, ASM and the SIPLACE team. With their regional focus areas, their global presence and their portfolio, ASM and SIPLACE complement each other very well. Working together will open the door to great strategic opportunities. In our development and customer service activities, we will continue to operate as before – but with a new partner who focuses its resources and its know-how to expanding its leading position in the electronics manufacturing industry worldwide. This deal will create more investment protection for our customers and create new opportunities for integrating previously separate processes, for example in chip assembly or LED production," said Günter Lauber, CEO of the global SIPLACE team.

"Thanks to our successful restructuring as part of our SIPLACE Excellence program, ASM is able to acquire the SIPLACE team, the locations and our global cluster organization without having to make any changes. As a result, we will be able to fully concentrate on our operations and our customers."

WK Lee, Chief Executive Officer ASM Pacific Technology, adds: "We strongly believe that the acquisition will represent an excellent combination of advanced technologies with vast experience in cost-efficient manufacturing and excellent partner networks. The synergistic effects of combining the strengths of the two organizations will serve to push the SIPLACE business and the whole ASM Group to new heights."

More information about ASM Pacific Technology is available at http://www.asmpacific.com

Oct 30, 2016 -

ASM Munich is “Factory of the Year”

Aug 04, 2016 -

First ASM Roadshow in Minnesota

Jul 02, 2016 -

Successful ASM Roadshow in Manaus

May 16, 2016 -

ASM Press News: Four awards go to innovative products from ASM

May 13, 2016 -

ASM at 2016 NEPCON Shanghai - Four Awards Go To Innovative Products from ASM

Apr 07, 2016 -

APEX a great success for ASM Lots of interest in the Smart #1 SMT Factory

Dec 20, 2015 -

World's largest supplier of SMT equipment for the first time in 2015

Dec 18, 2015 -

CEO Günter Lauber: Transition to Smart Factory means continued growth for ASM Assembly Systems

Dec 01, 2015 -

ASM Assembly Systems looks back on a successful Productronica 2015

Oct 11, 2015 -

ASM Assembly Systems at the Productronica 2015 An unrivaled showcase of innovations

33 more news from ASM Assembly Systems GmbH & Co. KG »

Apr 19, 2018 -

ULT LLC cooperates with GulfTech

Apr 18, 2018 -

SMTA Europe's Harsh Environments Conference Session 6 to Focus on Automotive Electronics

Apr 18, 2018 -

IPC Hand Soldering Competition Winner Crowned at Global Industrie/Midest 2018 in Paris

Apr 18, 2018 -

Koh Young Presenting on 3D Technologies at SMTA Rocky Mountain Chapter Technical Session

Apr 17, 2018 -

International Conference for Electronics Enabling Technologies (ICEET) Program Finalized

Apr 17, 2018 -

Seika Announces Plans for Optimized Drying Units to be Incorporated into all McDry Cabinets

Apr 17, 2018 -

Libra Industries Sponsors SMTA Ohio Valley Membership Appreciation Golf Outing

Apr 17, 2018 -

Preview for AdoptSMT for SMT 2018, Stand A4-458 We keep your production running -

Apr 17, 2018 -

cost saving SMT laser cut stencil

Apr 16, 2018 -

Inovaxe Will Exhibit at the SMTA Wisconsin Expo in May

See electronics manufacturing industry news »

ASM Pacific Technology acquires Siemens Electronics Assembly Systems news release has been viewed 2302 times

  • SMTnet
  • »
  • Industry News
  • »
  • ASM Pacific Technology acquires Siemens Electronics Assembly Systems
SMT Custom Nozzles