Advantech, a global leader in industrial IoT, has announced its acquisition of Aures Technologies SA, a French company renowned for its POS and KIOSK brands. This strategic move aims to strengthen Advantech's global coverage in smart retail products and services, advancing its position among leading smart retail solution providers worldwide. Advantech will acquire Aures through transactions with the major shareholder and public tender offer, at price per share not exceeding 6.7 euros (The total number of outstanding shares is 3,938,173 shares), with the potential to acquire up to 100% equity. Additionally, Advantech will subscribe newly issued convertible bonds from Aures, totaling 5 million euros to support its working capital. The entire transaction will proceed following completion of internal approval processes by both parties and regulatory approval from relevant authorities.
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