Electronics components supplier Premier Farnell has completed the acquisition of Shenzhen Embest Technology, a Chinese provider of embedded system development boards and tools, as well as design engineering services.
Financial terms of the acquisition were not divulged but Premier Farnell did reveal that Embest has gross assets of around £0.5m.
Embest will report through element14, Premier Farnell's operating business in Asia Pacific, while providing solutions to customers across the world.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
