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Hong Kong: ASM Pacific Tech boosts sector consolidation

By  |  December 4, 2013

ASM Pacific Technology announced the acquisition of tech firm DEK, a deal that further consolidates the market for SMT process equipment, the technology used to create electronic circuit boards.

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    The deal remains subject to clearance by regulators.

    Reports say ASM’s buyout does not come as a surprise following the breakdown of earlier talks between DEK and ITW. DEK parent company Dover Corp. announced plans to divest the firm last year.

    Financial details of the buyout were not reported.

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