TAIPEI, Taiwan, R.O.C., Dec. 3, 2020 /PRNewswire/ — ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), today announced the Company’s subsidiary, Universal Scientific Industrial (Shanghai) Co., Ltd. (“USI”, SSE: 601231), has successfully completed the acquisition (the “Acquisition”) of 100% shares of Asteelflash Group through the acquisition of Asteelflash Group’s parent company, Financière AFG S.A.S. (“FAFG”).
The closing consideration was paid in an amount of US$421,481,287, including cash and share consideration. In addition to the payment of closing consideration, Universal Scientific Industrial (France) (“USI France”), USI’s wholly owned subsidiary, is obliged to pay an additional amount up to US$42,804,551 in cash, subject to an earn-out mechanism linked to FAFG’s business performance provided under the definitive agreement, after the end of year 2022. The cash consideration was in an amount of US$374,606,287 paid by USI France upon closing. Upon making payment