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WPIg announces its subsidiary to acquire Long-Think group's PEMCO components business in cash

WPG (3702 TT) announced that the board of directors of its sub-group, World Peace Industrial Co, Ltd., resolved to have its sub company, Longview Technology Inc, acquiring Long-Think group’s PEMCO components business in cash. The acquisition will enhance WPG’s business coverage of PEMCO components in greater China area.

Long-Think group was established in Taiwan in 1990 with recent annual revenue of NT$1.6 billion and approximately 60 employees. The group mainly distributes Molex’s connectors and interconnect components in greater China.

Through WPG’s Asia-Pacific product marketing, technical support, back-end services and logistics platform, the scale of newly acquired business will be expanded. In the meantime, the new business will also enhance WPG’s one stop shopping service and competitive position across the region, delivering more superior value to our customers.

About WPI Group

Established in 1980 and headquartered in Taipei, Taiwan, WPI Group has over 30 sales offices with over 1500 staffs in Greater China and Asia Pacific region including Hong Kong, China, Singapore, Malaysia, Thailand, Philippines, India, Vietnam and Korea forming a solid and complete Asia-Pacific service network. In 2011, WPI Group achieved USD 4.8 billion of revenue.

As a supply channel partner, WPI Group carries over 60 international brand names including ADI, CREE, Hynix, Intel, Micron, NXP, OmniVision, ON, TI, Vishay, etc. (in alphabetical order) WPI Group offers a comprehensive range of components, spanning semiconductors, interconnect, passive and electronic mechanical components, and computer products, all provided with the convenience of one-stop shopping.

To satisfy customers’ needs, the customer segments that WPI Group currently serves include China-Based Manufacturers (CBM), Taiwan-Based Manufacturers (TBM), EMS(Electronic Manufacturing Service), Japan-Based Manufacturers (JBM), Hong Kong-Based Manufacturers (HBM), Korea-Based Manufacturers (KBM) and India-Based Manufacturers (IBM). To meet the needs of both suppliers and customers, WPI Group has tailored its organization to meet these specific customer segment requirements. To support the increasing customer activities in China, every facet of WPI Group’s business is being optimized to provide the best, seamless customer and supplier service.

IR Contact:
Rosalind Kung
WPI Group CMO Office
TEL: 886-2-27885200 # 85356