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| Merger of AMT, Hana Creates
$300 Million Company |
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Batam
Island, Indonesia-The ink is finally
dry on the paper merging Hana Technologies Ltd., Hong Kong,
with Advanced Microtronics Technology, Mauritius.
Although the AMT-Hana deal was signed
last October and finalized late last year, the company kept
a relatively low profile, declining to discuss the merger
until recently. In Jasia,nuary, Marc Papageorge, vice president
of business development, swept through Silicon Valley to press
for new business.
Batam
Island, Indone
is situated about 12 miles from Singapore.
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The result is a new corporation named Advanced
Interconnect Technologies, with an estimated $300 million in annual
sales and plants on Batam and in Hong Kong.
Ralph Duceour, who founded AMT in 1991, continues
as president and CEO of the new concern. Duceour earlier co-founded
Advanced Semiconductor Engineering (ASE), Taiwan. His newly enlarged
company will now vie for third place in the IC assembly house ranks
with ChipPAC.
Amkor Technology Inc., the industry giant, is
still several times larger than the number two contender, ASE. The
merger uniting the companies was official on December 31. Hana merged
into AMT in exchange for 43% of the new corporation.
| AIT's
anodization lines run over one million units a month through
AIT's patented anodization process. |
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Advanced Technologies Interconnect, briefly
owned by Hana, was included in the acquisition. AIT, Manteca,
Calif., is the former Olin Interconnect Tech-nologies, a maker
of specialized packages such as the MQUAD.
In a recent letter to customers from Duceour,
he wrote,"We are currently in the final stages of integrating
our sales, customer support and other departments. We plan
to invest heavily as a company to further expand and improve
our level of service to you."
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The Newbridge Asia Group, a private equity
firm backed by Texas pacific Group and Blum Capital Partners,
are principal AMT investors. Newbridge maintains offices in
Hong Kong, San Francisco, Shanghai and Singapore. [amtus.com]
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