Go (Vertical Horizon album)

AUO Board Approves Acquisition of German Behr-Hella Thermocontrol GmbH ("BHTC") to Advance Global Strategic Expansion into Smart Mobility Ecosystem

Retrieved on: 
Monday, October 2, 2023
Morgan Stanley, Wardwell, Go (Vertical Horizon album), Electronic control unit, AUO Corporation, Tier 1, Original equipment manufacturer, HMI, AUO, Lighting, Mahle Behr, EBITDA, Acquisition, Correlative light-electron microscopy, Growth, Environment, ECU, Renewable energy, Management, Electronics

AUO continues to implement its biaxial transformation strategy, expand applications in vertical markets, and establish the value chain ecosystem.

Key Points: 
  • AUO continues to implement its biaxial transformation strategy, expand applications in vertical markets, and establish the value chain ecosystem.
  • The transaction is expected to lead to sustainable growth and create long-term value for AUO's shareholders.
  • The acquisition has been approved by the AUO board of directors and will be financed through AUO's internal cash resources.
  • Morgan Stanley acted as the exclusive financial advisor to AUO Corporation in relation to this acquisition, and Davis Polk & Wardwell LLP acted as legal counsel to AUO Corporation.