Deals
Chinese Group to Buy Europe’s Aixtron for $752 Million
- Germany’s Aixtron makes equipment for semiconductor industry
- Chip companies have been consolidating to bolster profits
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A group of Chinese investors agreed to buy Aixtron SE, a German supplier of semiconductor equipment, for about 670 million euros ($752 million), giving the manufacturer a chance to boost sales by expanding in Asia.
The deal values Aixtron at 6 euros a share, the equipment maker said Monday in a statement. That’s 25 percent more than the closing price of 4.79 euros on May 20 in German trading. The offer is being made through a unit of Fujian Grand Chip Investment Fund that is 51 percent owned by Zhendong Liu, a Chinese businessman, Aixtron said.