TAIPEI, Taiwan and MONTREAL, Canada, April 2, 2024 – WT Microelectronics Co., Ltd. (TAIEX: 3036) (“WT Microelectronics”) today announced that it has successfully completed its acquisition of Future Electronics Inc. (“Future Electronics”) for an enterprise value of US$3.8 billion.
WT Microelectronics and Future Electronics are now joining forces in creating a global electronic components distribution powerhouse, dual-headquartered in Taipei and Montreal that will deliver long-term, sustainable value to all stakeholders. This acquisition represents a transformational milestone, as it brings together two highly complementary business models and solidifies WT Microelectronics’ position as a global electronics distributor with end-to-end service capabilities by leveraging the strengths and expertise of both organizations to offer even greater value to customers and suppliers.
“We are excited to welcome the Future Electronics team, who share our passion for delivering world-class services to help our partners succeed,” said Eric Cheng, Chairman and CEO of WT Microelectronics. “Future Electronics has an extensive supplier and customer base as well as a highly competent team of management and employees. We look forward to working with our new immensely talented colleagues around the world to embark on WT Microelectronics’ new chapter.”
“Our two companies share a common culture, driven by a rich entrepreneurial spirit that empowers our talented employees globally,” said Omar Baig, President and CEO of Future Electronics. “As part of WT Microelectronics, we will continue our commitment to offer the highest level of services to our suppliers and customers, which we have been doing for the past 56 years.”
WT Microelectronics and Future Electronics look forward to this new era and to continuing to serve their business partners, together, across the globe.
About WT Microelectronics
WT Microelectronics is a global top three electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA. Founded in 1993 initially as a Taiwan-based semiconductor components distributor, WT Microelectronics’ position is further strengthened by the acquisition of Future Electronics to become a truly global player. Together with Future Electronics, WT Microelectronics is partnering with over 400 suppliers across major technology segments to serve a highly diversified customer base of over 25,000 customers worldwide. Additional information about WT Microelectronics can be found at http://www.orit-solution.com/.
About Future Electronics
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and an extensive variety of electronic components. Founded in 1968, Future Electronics believes its 5,100 employees are its greatest asset, with a presence in 48 countries and regions. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.