Taipei Times 15 August 2013
Industrial computer maker Advantech Co yesterday announced it is buying a 70.2 percent stake in AdvanPOS Technology Co as part of its efforts to tap into the point-of-sale (POS) device market.
In a filing to the Taiwan Stock Exchange, Advantech said it plans to buy 12.78 million shares of AdvanPOS at NT$25 per share, for a total purchase price of NT$319.46 million (US$10.64 million).
It said the investment would help it gain new sales and service channels in more than 40 countries around the world, while strengthening its POS development capability.
Advantech mainly supplies embedded computing, industrial automation and applied computing products in the industrial PC field. It also offers design services.