Contact
QR code for the current URL

Story Box-ID: 1219062

Advantech Europe B.V. (SIoT) Industriestraße 15 82110 Germering, Germany https://www.advantech.com/
Contact Ms Sabrina Beygang

Advantech Finalizes AURES Acquisition, Introducing the “ADVANTECH-AURES” Brand to the Global Market

(PresseBox) (Germering, )
Advantech (TWSE: 2395), a global leader in AIoT, announced today that it has finalized its acquisition on block shares of AURES Technologies SA, a French company renowned for its POS and Kiosk brands. On October 1st, 2024, Advantech has closed block trade of 1,430,381 shares from the major AURES shareholder and subscribed the first tranche of convertible bonds of EUR 2,500,000 of principal amount.

Following this acquisition, AURES will operate under the new brand name “ADVANTECH-AURES”, reflecting the collaboration between the two companies. The new brand will honor the spirit and value proposition of AURES while being empowered by Advantech, and will debut on the market with a clear mission to provide value-driven products and services. The goal of Advantech-Aures is to initiate growth from the retail and hospitality sectors and expand its products and solutions into the broader intelligent city services market, with the vision of becoming a leading player in this field.

MC Chiang, the newly appointed CEO of AURES and Vice President of Advantech Service-IoT Group, stated that this partnership enables both companies to leverage their combined expertise to enhance product offerings and expand into rapidly changing markets. AURES has a strong heritage of product innovation and leadership, with well-established brand and channel networks across Europe, Australia, and the US, complemented by service support through RTG in the US. Through this collaboration, Advantech-Aures aims to deliver a broader range of product portfolios, focusing on quality, design, and integrated AIoT solutions.

Reflecting the journey that began in October 2023 when AURES and Advantech first forged their partnership, Patrick Cathala, Founder and Chairman of AURES, said, ”For 35 years, we are proud of what our team has accomplished and AURES has been dedicated to creating high-quality products and serving our customers with passion. This collaboration is built on a foundation of meticulous planning and a shared vision for future growth. With the Advantech-Aures partnership, we are entering an exciting new phase alongside Advantech. Together, we are stronger.”

The completion of block trade on October 1st, would result in the mandatory filing by Advantech of a tender offer with the French Autorité des marchés financiers (the “AMF”) on all the outstanding shares of AURES not held by Advantech, with the exception of treasury shares, on the same financial terms as the Share Acquisition, i.e. at a price of EUR 6.31 per share.

About AURES Technologies
Founded in 1989 and listed on Euronext Growth, AURES Technologies is an IT Manufacturer and Developer of hardware (POS & KIOSK) and application solutions for all sectors of the POS and Retail industry. The AURES Group has a global presence, with Headquarters in France, subsidiaries in the UK, Germany, Australia and the USA, as well as a network of partners, distributors and resellers in over 60 other countries.

Advantech Europe B.V. (SIoT)

Advantech has the corporate vision to "Enable an Intelligent Planet". The company is a global leader in the fields of IoT intelligent systems and embedded platforms. To embrace the trends of AIoT and artificial intelligence, Advantech has fully deployed its sector-driven strategy, focusing particularly on major sectors. This deployment aims to nurture market sectors and enhance core competitiveness. In the meantime, Advantech integrates its existing product group - the AIoT + Edge computing hardware platform - with the mature WISE-IoT software platform. Together with our industrial AI solutions and business expertise, this integration will form an "orchestrator" model for seamless industrial chain connections, benefiting both our partners and clients. Advantech is also working with business partners to co-create business ecosystems that accelerate the goal of industrial intelligence. (www.advantech.com)

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2024, All rights reserved

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.