Jones Day has advised Ayala Corporation in the acquisition by its subsidiary Integrated Micro-Electronics of an 80% stake in STI Enterprises Limited.
STI is a private limited company based in the United Kingdom which provided electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries. The company currently has two factories in the United Kingdom in Hook and Poynton as well as one in Cebu, Philippines and operates a design center in London.
As part of IMI’s strategic initiatives, the acquisition will enable IMI to expand into the aerospace and defense markets while strengthening the industrial segment in manufacturing as well as in technology development and engineering.
Jones Day has advised Ayala Corporation on the deal with a team led by Maria Pedersen.
Involved fees earner: Maria Pedersen – Jones Day;
Law Firms: Jones Day;
Clients: Ayala Corporation;