Siemens Sells Assembly Systems Business To Asm Pacific Technology
Aug 1, 2010 Siemens will sell its assembly systems business (Siemens Electronics Assembly Systems / SEAS) to ASM Pacific Technology (ASMPT), headquartered in Hong Kong. ASMPT is a subsidiary of ASM, headquartered in the Netherlands, one of the world’s leading suppliers for the semiconductor and LED industry.
SEAS has around 1,200 employees worldwide, including 630 at its headquarters in Munich, Germany. The company is one of the world’s leading suppliers of assembly systems for the electronics industry. Due to the lack of internal synergies, SEAS is no longer a core business of Siemens. ASMPT will integrate SEAS into the company as a separate unit and has also made extensive pledges regarding business locations and workforce. Munich is to remain the central location for production, testing and research at SEAS. Over the long term, ASM intends to concentrate all of its European research activities in Munich.
Author: BIO T&T
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