お知らせ • Apr 15
Advantech Co., Ltd. (TWSE:2395) completed the acquisition of remaining 62.765% stake in AURES Technologies S.A. (ENXTPA:ALAUR).
Advantech Co., Ltd. (TWSE:2395) intends to make an offer to acquire remaining 62.765% stake in AURES Technologies S.A. (ENXTPA:ALAUR) for €15.8 million on April 26, 2024. Advantech will acquire Aures through transactions with the major shareholder and public tender offer, at price per share not exceeding €6.7 with the potential to acquire up to 100% equity. Advantech intends to finance the acquisition with its own capital. If the tender offer cross over 90%, Aures will be evaluated to delist. Additionally, Advantech will subscribe newly issued convertible bonds from Aures, totaling €5 million to support its working capital. As of September 17, 2024, Advantech agreed to acquire 1,430,381 existing shares held by Patrick Cathala in the share capital of AURES, at a price per share of €6.31. This would result in the mandatory filing by Advantech of a tender offer with the French Autorité des marchés financiers (the AMF) on all the outstanding shares of AURES not held by Advantech, with the exception of treasury shares, on the same financial terms as the Share Acquisition, i.e. at a price of €6.31 per share. On December 5, 2024, The Draft Offer Document was filed with the AMF. The tender offer is expected to open on January 16, 2025 and will close on February 19, 2025. As of February 11, 2025, In the event of a positive outcome of the Offer, the offer could be reopened for a period of ten (10) trading days from February 28, 2025 to March 13, 2025. As of February 13, 2025, Advantech has obtained tender offer visa from Autorite des Marches Financiers for tender offer. The offer period will end on April 10, 2025. As of March 19, 2025, Advantech has tendered 2,210,774 shares, cumulatively holding 3,641,155 Aures shares, representing 91.03% of the share capital. In accordance with intention expressed in the offer document and regulation regarding 90% threshold, Advantech has requested the AMF to implement the squeeze-out and delisting procedure, which is estimated to take place in April.
Advantech Board approved the transaction. The entire transaction will proceed following completion of internal approval processes by both parties and regulatory approval from relevant authorities.
Lin Chang-Yu of Trust and Assist CPAs acted as an accountant to Advantech. Yvon Dreano, Cyril Deniaud, Gaspard-Etienne Bats, Benjamin Cohu, Laetitia Ternisien, Océane Demoulin, Marie Trébuchet, Maxime Seiller, Laure Asdrubal of Jeantet, LCS & Partners supported Advantech, Aures, Patrick Cathala, Didier Fornoni, Vincent Guilaine and Antoine Bourgoin of of Hoche Avocats, on the legal aspects, and by TP ICAP, on the financial aspects.
Advantech Co., Ltd. (TWSE:2395) completed the acquisition of remaining 62.765% stake in AURES Technologies S.A. (ENXTPA:ALAUR) on April 14, 2025. Autorite des marches financiers approved the deal.