IBASE and AAEON Build Collaboration with Share Exchange

    2018 - 06 - 15

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Taipei, Taiwan, June 15, 2018 - IBASE Technology (stock code: 8050) has entered into a stock exchange agreement with AAEON Technology Inc. (stock code: 6579) whereby each share of IBASE will be swapped for 0.788 shares of AAEON. Upon completion of the exchange on September 29, AAEON will hold an approximate 30% stake in IBASE, while IBASE will own approximately 28.08% of AAEON.

IBASE and AAEON both specialize in industrial computing products and have earned a reputation for their commitment to innovative design and reliable solutions. With the close working relationship resulting from the share exchange agreement, the companies will share marketing and purchasing resources to take advantage of increased economies of scale, build on their respective strengths, and improve their operating efficiency and competitiveness.

Creating a partnership through a share exchange rather than a merger or acquisition gives AAEON and IBASE the same benefits in terms of economies of scale, but it also leaves them with the freedom to focus on their target vertical markets and respective areas of expertise.

Contact IBASE:

IBASE Technology Inc.
11F, No. 3-1, Yuan Qu St., Nankang, Taipei, Taiwan, R.O.C. (Nankang Software Park)
Tel: 886-2-26557588
Email: sales@ibase.com.tw