Inari, Sanan jointly acquire Lumileds International for RM1.03bil


KUALA LUMPUR: Inari Amertron Bhd and Sanan Optoelectronics Co Ltd have jointly acquired 100 per cent equity interest in Lumileds Holding BV (Lumileds International) and its 11 Asian and European subsidiary companies for an enterprise value of US$239 million, or equivalent to RM1.03 billion.

Inari said in a filing with Bursa Malaysia that the company, together with Sanan, today entered into a share purchase agreement (SPA) with Dutch-based Lumileds Subholding BV for the proposed acquisition.

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