Statement
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1.Date of occurrence of the event:2022/01/20
2.Company name:BizLink Holding Inc.
3.Relationship to the Company (please enter ��head office�� or
��subsidiaries��):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
BizLink Holding Inc. Completes Share Transfer to Acquire LEONI��s
Industrial Solutions Business Group
BizLink has completed the share transfer to acquire the LEONI Industrial
Solutions business group from LEONI AG for an enterprise value of
��451 million. INBGs�� financials will be consolidated into BizLink��s
from January 21, 2022.
INBG��s FY20 audited sales was ��431.6 million, gross profit was
��107.3 million, and operating profit was ��29.1 million. INBG��s
FY21 unaudited sales is estimated to rise to over ��500 million.
INBG has over 3,000 employees and 15 production sites.
INBG is a technical standard-setter and is a market leader across
a number of end-markets. This deal will accelerate our long-term
product segment and footprint diversification plans as well as greatly
raise our exposure to high-end applications.
BizLink expects to see sales, cost, and supply-chain related synergies
as integration efforts progress:
�ESales: up-sale and cross-sale opportunities spanning two unique
global-brand tier-one customer bases and gradually further
build out INBG��s market presence to solidify our joint position
among our secular growth drivers;
�ECosts: raise our total purchasing power, combine together various
functions and efforts as one, rationalize our physical footprint,
and openly share our experiences and best practices to learn from
each other and to grow together; and
�ESupply-Chain: utilize our execution expertise with INBG, strengthen
business continuity across customer bases, achieve greater and
more robust economies of scale, and provide more flexibility while
reducing response time worldwide.
The six business units of INBG comprise of the following advanced and
promising areas:
Silicone (19% of FY20 sales), Tailor-Made Product (19% of FY20 sales);
Telecommunication Solutions (10% of FY20 sales);
Healthcare (19% of FY20 sales); obotic Solutions (14% of FY20 sales);
and Automation & Drives (19% of FY20 sales)
INBG��s operation is strong and profitability is stable, and there are
currently no plans to reorganize immediately after completing the
acquisition. BizLink intends to continue to develop INBG��s businesses
, improve the scale of their products, and to integrate our combined
internal and external resources to achieve our growth goals together
and to boost long-term stakeholder value.
6.Countermeasures:N/A
7.Any other matters that need to be specified:None
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