Fast Technology reported on December 30 that BYD Co., Ltd. announced that its holding subsidiary, BYD Electronics (International), completed the acquisition of Jabil IncIts subsidiary, Jabil Circuit (Singapore) Pte ltd.("Jabil Singapore").
On August 28 this year, BYD and its holding subsidiary BYD Electronics announced in A-shares and Hong Kong stocks at the same time that BYD Electronics and Jabil Singapore signed a framework agreement to acquire the seller's product manufacturing business in Chengdu and Wuxi for about 15.8 billion yuan (equivalent to 2.2 billion US dollars) in cash, including the parts manufacturing business of existing customers.
According to the data, BYD Electronics is a platform-based high-end manufacturing enterprise, with business covering smart phones, tablet computers, new energy vehicles, smart homes, game hardware, drones, Internet of Things, robots, communication equipment, medical and health equipment and other diversified market areas.
Jabil Circuits (Singapore)** is a privately held company incorporated in Singapore as Jabil Inc, Jabil IncA company listed on the New York Stock Exchange and a manufacturing solutions provider with more than 250,000 employees in 100 locations in 30 countries.
jabil inc.The main businesses include design engineering, manufacturing and **chain services for the electronics manufacturing services (EMS) and consumer industriesand materials technology services (plastics, metals, automation and tooling).
BYD said in the announcement that the acquisition will expand the boundaries of BYD Electronics' customers and products, expand the smartphone parts business, and greatly improve BYD's electronics customer and product structure.
At the same time, it will increase the strategic layout of core device products, boost the upgrading of BYD's electronics industry, and effectively collaborate with BYD Electronics' existing products while increasing the market share of products, so as to enhance the company's overall competitiveness.