JF Technology Berhad, a leading innovator in high-performance test solutions for integrated circuit makers, has announced a strategic acquisition to broaden its market reach. The company’s subsidiary, JF International Sdn. Bhd., has entered into a conditional Share Purchase Agreement to acquire Transcend Technologies (S) Pte., Ltd. and Transcend Tech Asia Pacific Pte., Ltd., both based in Singapore, for $4.4m (S$6m). This acquisition, which includes a three-year profit guarantee from the sellers, is expected to be completed by the end of 2025.
Transcend specialises in manufacturing test socket laser cleaners and high-precision parts for the semiconductor, aerospace, and medical industries. The acquisition is set to complement JF Technology’s existing business, creating synergies and expanding its offerings. Managing Director of JF Technology, Foong Wei Kuong, stated, “This strategic move complements our existing business and creates strong synergies. Together, we would broaden our offerings and widen our market reach by leveraging Transcend’s proven track record and strong reputation within the Southeast Asia semiconductor space.”
The acquisition aligns with JF Technology’s JF 4.0 Transformation strategy and is expected to enhance the company’s position in the semiconductor value chain, particularly in assembly and test equipment. Foong added, “This deal perfectly aligns with our JF 4.0 Transformation. More excitingly, the Proposed Acquisition is earnings accretive as it comes with a Profit Guarantee.”
With this acquisition, JF Technology aims to penetrate new customer segments and strengthen its comprehensive turnkey services for semiconductor companies worldwide.
