Taipei, Taiwan, 31 July, 2015 – VIA Technologies, Inc. today announced that VIA Telecom has reached a definitive agreement to sell part of its assets to an undisclosed buyer. Assuming satisfactory customary closing conditions, the company anticipates that the transaction will be completed by the end of the third quarter. The company evaluates that the transaction will contribute an investment gain of around US$100 million.
About VIA Technologies, Inc.
VIA Technologies, Inc is a global leader in the development of highly-integrated embedded platform and system solutions for M2M, IoT, and Smart City applications, ranging from video walls and digital signage to healthcare and industrial automation. Headquartered in Taipei, Taiwan, VIA’s global network links the high tech centers of the US, Europe and Asia, and its customer base includes the many world’s leading hi-tech, telecommunications, consumer electronics industry brand names. www.viatech.com