Expanding AIoT Presence Through Investing in Enrich Investment Inc. and Embedded City Limited
Acer Inc. announced plans to acquire 25.6% of Enrich Investment Inc. and 100% of Embedded City Limited (ECL) common shares at a total amount not exceeding NT$3.45 billion. This follows Acer’s acquisition of 10.8% of Posiflex Technology, Inc.’s preferred shares through indirect investments early last year. After the transaction, Acer will indirectly assume the total assets and total liabilities of Embedded City Taiwan Limited (ECT), the subsidiary of Enrich Investment and ECL.
Through this transaction Acer will indirectly acquire 100% of ECT’s total shares and the entirety of Posiflex Technology preferred shares (approximately 29.0% of total common shares and preferred shares issued) which ECT holds. This further expands Acer’s AIoT industry presence and accelerates its B2B business momentum, while increasing potential collaboration with Posiflex Technology and its subsidiaries for embedded systems and O2O commerce solutions worldwide.
Acer recognizes Posiflex Group’s Scenario-Defined Appliance (SDA) business model, which is unique where aside from the brand channel, anchored partners and direct customers under SDA are operators’ core software departments or independent AIoT software vendors (AIoT ISVs). Under the SDA model, Posiflex Technology and its subsidiaries deliver fully integrated solutions covering supply chain, production, logistics, deployment and post-installation monitoring and maintenance services. In the future Acer’s global presence and the service network of its subsidiaries Enfinitec and Highpoint Service Network can help the international expansion of Posiflex Group’s SDA business model. Acer will leverage its scale and experience and continue to work with Esquarre Capital, which led Posiflex’s transformation, and the founding families, to support Posiflex’s sustainable development with group resources.
