EQS-News: AT&S announces successful signing of Ansan/South Korea plant transaction

AT&S Announces Successful Closing of Ansan/South Korea Plant Transaction

On September 23, 2024, AT&S and the Italian company SO.MA.CI.SSpA signed an agreement for the sale of AT&S Korea CO., LTD. and thus the AT&S plant in Ansan, South Korea. The purchase price (equity value) amounts to approximately EUR 405 million.

Leoben, September 23, 2024 – “With the sale of the Ansan plant, we want to further refine the strategic profile of the group,” said Petra Preining, CFO of AT&S. “We are convinced that with the Italian technology group Somacis as the new owner, the Ansan site will unlock its full potential and continue its attractive trajectory of strong growth.”

A success story in South Korea

“Ansan is an AT&S success story,” says CEO Andreas Gerstenmayer. “When AT&S acquired the plant in 2006, all revenues were generated locally and performance was well below AT&S’s expectations. The development of new applications, significant investments in technology and capabilities, and the strong commitment of the team responsible have enabled strong revenue growth and a significant improvement in performance. In just a few years, revenue has quadrupled.”

The Ansan plant focuses in particular on the production of flexible printed circuit boards for electronic systems in all sectors, in almost all formats.

“Flexible microelectronic applications are growing and will open up entirely new technological opportunities in the years to come. We were therefore looking for a buyer who recognizes the full potential and who will lead the organization resolutely into the future,” says Peter Schneider, member of the board of directors and executive vice president of the Electronics Solutions business unit at AT&S.

“We have been very impressed with the management team and technological capabilities of the Ansan plant and are very excited about its future potential. We plan to continue to serve its current customer base with the utmost reliability and strong technological skills that Ansan is known for, while maintaining its proven growth track record through solid additional investments in its existing team and technical capabilities,” added Giovanni Tridenti, CEO of Somacis.

The transaction is currently subject to regulatory approval and is expected to close in the coming months.

AT & S Austria Technology & Systemtechnik Aktiengesellschaft – Advanced technologies and solutions

AT&S is a leading global manufacturer of high-end IC substrates and printed circuit boards. AT&S industrializes cutting-edge technologies for its core business segments: mobile devices and substrates, automotive and aerospace, industry and medicine, and high-performance computing for AI applications. AT&S currently operates worldwide with production sites in Austria (Leoben, Fehring) and factories in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is being established in Malaysia (Kulim). In Leoben, a European competence center including series production for IC substrate technologies is being built. Both sites will start production in the 2024/25 financial year. The company employs more than 13,500 people. For more information, please visit www.ats.net

Media contact:

Gerald Reischl, Vice President of Corporate Communications
Tel.: +43 3842 200 4252; Mobile: +43 664 8859 2452; [email protected]

Investor Relations Contact:

Philipp Gebhardt, Vice President Investor Relations
Tel.: +43 3842 200 2274; Mobile: +43 664 7800 2274; [email protected]

AT&S Austria Technology & Systemtechnik Aktiengesellschaft
Factory Street 13
8700 Leoben / Austria
www.ats.net