American Made Advocacy: New Congress, New Opportunities
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
Defense Speak Interpreted: SWaPing Nanosatellites for Defense Systems
AT&S Completes Sale of Ansan Plant in Korea to SO.MA.CI.S. S.p.A.
February 3, 2025 | AT&SEstimated reading time: Less than a minute
AT&S and SO.MA.CI.S. S.p.A. have successfully closed the sale of all AT&S shares in AT&S Korea CO., LTD. (and thus the plant in Ansan, Korea) to SO.MA.CI.S.
“We are pleased that with SO.MA.CI.S. we have found a new owner who sees the further potential of the plant and will leverage it,” explains Peter Schneider, Spokesman of the Management Board. “The sale has enabled us to further sharpen our strategic profile, and the cash inflow from the sale will strengthen our financial position,” emphasizes CFO Petra Preining.
The purchase price (equity value) amounts to € 405 million plus around € 17 million in interest income (equity ticker). Management expects the transaction to result in a cash inflow of € 386 million after deduction of taxes, of which € 79 million has already been received in the form of dividend payments and an advance payment as of December 31, 2024. The ratio of net debt to EBITDA will thus be reduced to below 3.
Share on:
Suggested Items
Element Solutions Posts 2024 Net Sales of $2.46 Billion, Up 5%
02/20/2025 | Element Solutions Inc.Element Solutions Inc , a global and diversified specialty chemicals company, announced its financial results for the three and twelve months ended December 31, 2024.
FTG Announces Full Year and Q4 2024
02/20/2025 | Firan Technology Group CorporationDuring 2024, the Corporation invested in existing sites and grew the business organically. FTG is strategically deploying its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. Specifically, FTG accomplished many goals in 2024 that continue to improve the Corporation and position it for the future, including:
Rogers Reports Q4 and Full Year 2024 Results
02/20/2025 | Rogers CorporationNet sales of $192.2 million decreased 8.6% versus the prior quarter resulting from lower sales in the AES and EMS business units. AES net sales decreased by 8.7% primarily related to lower wireless infrastructure sales, partially offset by higher ADAS and EV/HEV sales.
Tel-Instrument Electronics Corp. Reports Financial Results For Third Quarter FY 2025
02/18/2025 | BUSINESS WIRETel-Instrument Electronics Corp. (“Tel-Instrument,” “TIC,” or the “Company”), a leading designer and manufacturer of avionics test and measurement solutions, today reported a net loss of $456K ($0.17) per basic and per diluted share, on revenues of $2.97 million for the third quarter of 2025 fiscal year, ended December 31, 2024.
Northrop Grumman Secures $1.4 Billion in Contracts to Modernize Global Air and Missile Defense
02/17/2025 | Northrop GrummanNorthrop Grumman Corporation secures two significant contracts totaling $1.4 billion to advance air and missile defense capabilities for the U.S. Army and Poland.