Delta Electronics Acquires Stake In Amita Technoligies And Lithium Battery Line

April 13, 2008 by Jeff Shepard

Delta Electronics announced that it will acquire a 37.1% stake in Taiwan-based lithium battery maker Amita Technologies for NT$430 million (US$14.1 million), or an average of NT$45.21 per share.

The acquisition will include a purchase of 8.5 million new shares issued under a capital expansion project at NT$45 per share and one million existing shares released by current shareholders at NT$47. The deal will make Delta the largest shareholder in Amita. Delta claims that the investment in Amita will allow Delta to cater to the battery segment in a more timely manner.

Founded in 2000, Amita started design and sales of lithium ion battery packs/chargers for professional video cameras in 2001. Amita’s lithium polymer batteries can be used in 3G devices, in-car electronics products and automatic devices.