on AURES TECHNOLOGIES (EPA:AURS)
ADVANTECH completes the acquisition of AURES Technologies and launches "ADVANTECH-AURES"
ADVANTECH, a global AIoT giant, announces the acquisition of a significant block of shares in AURES Technologies. This transaction marks the introduction of the “ADVANTECH-AURES” brand to the global market.
AURES, known for its POS and KIOSK solutions, will now operate under this new identity. The collaboration aims to merge the expertise of both companies to develop innovative products and expand into sectors such as retail, food-service and smart cities.
MC Chiang, CEO of AURES, highlights that this alliance offers new growth opportunities. AURES brings a strong heritage in innovation and distribution, reinforced by ADVANTECH's strength in AIoT.
As a result, ADVANTECH will file a public tender offer for the remaining shares of AURES at a price of EUR 6.31 per share.
R. H.
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