WT completed the acquisition of Future, strengthened its global footprint, and built a world-class global electronic components distributor with a dual headquarters structure in Taipei and Montreal.
WT Technology Co., Ltd. announced the successful completion of its US$3.8 billion acquisition of Future Electronics Inc. (“Future”).
WT and Future have joined forces to create a world-class leading electronic component distributor with dual headquarters in Taipei and Montreal, creating long-term and sustainable value for all stakeholders.
The acquisition is a significant milestone in WT’s successful transformation into a world-class company, as the combination of two highly complementary business models strengthens WT’s leading position in the international market and provides more value to customers and suppliers by leveraging the strengths and expertise of both parties to provide a full range of full-service capabilities.
Wenzong Cheng, Chairman and CEO of WT, said, “We are delighted to welcome the Future Electronics team to our team, who share our passion and commitment to providing world-class services to our partners. With a broad supplier and customer base, as well as a dedicated management team and employees, we look forward to opening a new chapter for WT with all our talented colleagues around the world.” 」
Omar Baig, President and CEO of Future, said, “Our two companies share a common culture and an entrepreneurial spirit, which enables our employees around the world to do their best work. As part of WT, we will continue our long-term strategy to provide the highest level of service to our suppliers and customers, as we have for the past 56 years. 」
WT and Future look forward to this new era and continue to serve their business partners around the world.