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IMI Signs Share Purchase Agreement to Sell Its Czech Republic Manufacturing Site
June 6, 2025 | IMIEstimated reading time: 1 minute
Integrated Micro-Electronics Inc (IMI), through its wholly-owned subsidiary, Coöperatief IMI Europe U.A., has signed a share purchase agreement to sell 100% of the shares in IMI Czech Republic (IMI CZ) to KEBODA Deutschland GmbH & Co. KG, a subsidiary of Keboda Technology Co., Ltd. (Keboda), a publicly listed company in China. Keboda was founded in 2003 and is headquartered in Shanghai. It is a leading system solution provider for automotive intelligent and energy-sufficient electronic components.
The total consideration is €10,025,567, subject to post-closing adjustments, to be paid in three tranches. €1,000,000 upon signing of the share purchase agreement, €8,525,567 upon closing of the deal, and €500,000 10 business days after closing accounts become final.
This sale was executed as part of IMI’s restructuring and footprint rationalization program which was initiated in the 2nd half of 2024. The move will further reduce overhead and administrative expenses as the company consolidates its operations in Europe into its Bulgaria and Serbia facilities.
IMI remains fully committed to its customers in the Czech Republic. A majority of the customers previously served by IMI Czech Republic have already been smoothly transitioned to IMI’s facilities in Serbia and Bulgaria. For the remaining customers, IMI will ensure uninterrupted service until they are relocated to alternative IMI locations or their products reach end-of-life. This ongoing support will be provided under a manufacturing services agreement with Keboda, established as part of the share purchase agreement.
Closing of the deal will happen as the parties fulfill the conditions precedent of the deal. These include governmental approvals, settlement of financing agreements, completion of business carveouts to other IMI European sites, and the execution of the manufacturing services agreement between IMI and Keboda.
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