FilingReader Intelligence

WUS Printed Circuit boosts stake, tech in Schweizer Electronic

November 20, 2025 at 12:40 PM UTCBy FilingReader AI

WUS Printed Circuit Kunshan (WUS) announced its decision to acquire an additional 15% equity interest in its subsidiary, Schweizer Electronic (Jiangsu) Co., Ltd. (Schweizer Electronic), from Schweizer Electronic AG. The transaction, valued at €19,009,050, will raise WUS's stake in Schweizer Electronic from 84% to 99%. This move aims to enhance control and operational efficiency within the subsidiary.

In a related transaction, Schweizer Electronic will acquire a set of patents and technology assets from Schweizer Electronic AG for €1,990,950. These assets, comprising 14 patents across various electronic and manufacturing methods, are intended to bolster Schweizer Electronic's capabilities in embedded packaging technology (P2Pack) and improve product competitiveness.

The acquisitions were approved during WUS's 8th Board of Directors' 11th meeting on November 20, 2025. This decision, supported by independent directors, follows the company’s strategic direction to improve Schweizer Electronic's overall development quality and align with long-term growth objectives.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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