DKSH acquires semiconductor equipment Dist. DNIV Group
DKSH acquired DNIV Group, a semiconductor and electronics industry manufacturing equipment distributor. DKSH says this segment is of strategic importance as sales of semiconductors amounted to US$ 450 billion and is expected to grow at a CAGR of 7% in Asia.
110 staff strength 20 years old, Singapore headquartered DNIV Group has strong presence in Asian region in countries such as China, Malaysia, Singapore, Thailand, and Vietnam. DNIV serves the full life cycle of semiconductor industry from installation to commissioning, training, application support, repair and maintenance, and spare parts. With sales revenue of more than CHF 45 million in 2021 and with high profit, DNIV's technical sales and service team have strong product knowledge in providing manufacturing process solutions to customers.
Hanno Elbraechter, Head Business Unit Technology at DKSH, commented: “I am pleased with the acquisition of DNIV as an important addition to Technology. The semiconductor manufacturing equipment is expected to grow strongly, and I am excited we will be able to capture this growth with a strong presence in the segment.
Stefan P. Butz, DKSH’s CEO, commented: “The acquisition of DNIV Group fits well in our strategy of expanding in the semiconductor distribution business, which shows solid growth potential. I am looking forward to welcoming DNIV and its employees into DKSH.
The closing of the transaction is expected during the second quarter of 2022 and is subject to certain conditions.
Author: Srinivasa Reddy N