Press Releases


May 2011


Integrated Micro-Electronics, Inc. (IMI), a leading provider of electronics manufacturing services (EMS), power semiconductor assembly and test services in the Asian region, today announced that it has entered into an agreement with EPIQ NV (“EPIQ”), for the acquisition by IMI of the EPIQ subsidiaries in Bulgaria, Mexico and the Czech Republic.

The purchase consideration of approximately €43 million will be a combination of cash and 200 million newly-issued IMI shares representing approximately 12% ownership in common shares on a fully diluted basis.

As part of IMI’s strategic initiatives, the acquisition will enable IMI to establish a global geographic footprint in manufacturing as well as in technology development and engineering.

Arthur R. Tan, IMI president and chief executive officer, said, “IMI is pursuing this valueenhancing acquisition to expand its customer base and to support its market specialization strategy in the automotive and industrial segments. As regional manufacturing picks up steam, we are expanding our operations to locations near our global customers in Europe and North America to be of better service to them.”

Following the completion of the acquisition, Gilles Bernard, EPIQ chief executive officer, will join the management team of IMI. Mr. Bernard said, “We are glad to become part of the IMI Group and look forward to providing EPIQ and IMI customers the access to a vastly increased range of facilities and capabilities.”

The acquisition is expected to be completed no later than the fourth quarter of 2011. ING Bank N.V. is acting as financial advisor to IMI in the transaction.

About IMI
Integrated Micro-Electronics Inc. (IMI) is a leading provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services. It serves diversified markets that include those in the automotive, industrial, medical, solar energy, telecommunications infrastructure, storage device, and consumer electronics industries. Committed to cost-effective and top-quality customized solutions, IMI’s comprehensive capabilities and global manufacturing presence allow it to take on specific outsourcing needs. IMI’s flexible solutions encompass design and product development, manufacturing, and order fulfillment. IMI is consistently ranked among the top 30 EMS providers in the world. A subsidiary of Ayala Corporation, IMI is listed in the Philippine Stock Exchange. IMI has manufacturing and engineering facilities in the Philippines, Singapore, China, and the U.S.A. For more information, visit

About EPIQ
EPIQ is an EMS provider that designs, produces, and sells electronic and electro-mechanical systems and sub-systems. These are drive- and/or control elements especially for supply in the automotive and industrial equipment markets, household appliances, and other applications with plastic parts and/or electronic components. EPIQ provides a wide range of integrated services from product development to mass production. Production comprises the design of printed circuits and/or spray casting of plastics up to and including the supply of assembled and tested systems and sub-systems. EPIQ also provides all the required engineering, R&D, and logistics management. EPIQ is headquartered in Europe with manufacturing and engineering facilities in France, Bulgaria, the Czech Republic, and Mexico. The EPIQ subsidiaries subject of the transaction generated a combined turnover of €90 million and net income of approximately €4 million for the financial year ended 31 December 2010.

The above press statement is from the disclosure made today to the Securities and Exchange Commission and the Philippine Stock Exchange by IMI.