Advantech Buys Majority Stake In AdvanPOS

Taiwan-based intelligent system developer Advantech announced that it will acquire a more than a 70 percent stake in point-of-sale (POS) manufacturer AdvanPOS Technology, DIGITIMES reported on August 15.

Advantech spent $10.64 million on the sale. However, it hopes to grow AdvanPOS into the largest POS brand vendor in Greater China by 2018.

For more on the acquisition, read the full report here.

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