Advantech Finalizes AURES Acquisition, Introducing ‘ADVANTECH-AURES’ Brand to the Global Market

• October 04, 2024
• Advantech Industrial Automation Team
• Information

Oct. 4, 2024 – Advantech, a worldwide leader in AIoT, revealed that it has actually completed its procurement on block shares of AURES Technologies SA, a French firm renowned for its POS and Stand brand names. On Oct 1, 2024, Advantech has actually shut block profession of 1,430,381 shares from the significant AURES investor and subscribed the initial tranche of exchangeable bonds of EUR 2,500,000 of major quantity.

Following this procurement, AURES will certainly run under the brand-new trademark name “ADVANTECH-AURES,” mirroring the partnership in between both firms. The brand-new brand name will certainly recognize the spirit and worth proposal of AURES while being equipped by Advantech, and will certainly debut on the marketplace with a clear objective to offer value-driven product or services. The objective of Advantech-Aures is to start development from the retail and friendliness industries and increase its items and options right into the wider smart city solutions market, with the vision of coming to be a leading gamer in this area.

MC Chiang, the recently designated chief executive officer of AURES and vice head of state of Advantech Service-IoT Team, mentioned that this collaboration makes it possible for both firms to take advantage of their consolidated experience to improve item offerings and increase right into quickly transforming markets. AURES has a solid heritage of item technology and management, with reputable brand name and network networks throughout Europe, Australia, and the United States, enhanced by solution assistance with RTG in the United States. Via this partnership, Advantech-Aures intends to provide a wider series of item profiles, concentrating on high quality, style, and incorporated AIoT options.

Showing the trip that started in October 2023 when AURES and Advantech initially built their collaboration, Patrick Cathala, creator and chairman of AURES, stated, “For 35 years, we boast of what our group has actually achieved and AURES has actually been devoted to producing top notch items and offering our clients with enthusiasm. This partnership is improved a structure of thorough preparation and a common vision for future development. With the Advantech-Aures collaboration, we are going into an amazing brand-new stage together with Advantech. With each other, we are more powerful.”

The conclusion of block profession on Oct. 1, would certainly cause the necessary declaring by Advantech of a tender deal with the French Autorité des marchés investors (the “AMF”) on all the exceptional shares of AURES not held by Advantech, with the exemption of treasury shares, on the exact same economic terms as the Share Purchase, i.e. at a rate of EUR 6.31 per share.

Did you appreciate this wonderful short article?

Look into our complimentary e-newsletters to learn more wonderful posts.

Subscribe