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On April 20 after market close, Flytech announced that it will acquire 100% of Box Technologies (Holdings), a leading UK system integrator (SI) and distributor with a 13% market share in the UK that specializes in POS, KIOSK and digital signage with famous clients including Poundland, House of Fraser, Cath Kidston, Watches of Switzerland and Vision Express. The deal is expected to be closed in May and Flytech will start to consolidate Box Technologies’ business from 2Q16 at the latest.
Flytech Technology and its subsidiaries are engaged in the design, manufacture and sale of computers and its peripheral products. Co. has 2 reportable segments: Point of Sales system (POS) and Original Design Manufacturer (ODM). POS segment engages mainly in the design, manufacturing and sales of POS system and the related peripheral products. ODM segment engages mainly in the design, manufacturing and sales of POS system and the related products for world-class companies. Co.'s products are all-in-one POS, PC POS, Mobile POS, Panel PC, beside terminal, POS monitor and others. Co. operates in Europe, America, Asia and Taiwan.
Yuanta is a Taiwan-headquartered brokerage with a growing presence in Asia, especially across Greater China. Our team of 140+ provides cutting-edge analysis on key sectors, spread across offices in Taiwan, Hong Kong, Shanghai (A-Share), Seoul and Jakarta. With an ever-expanding coverage universe of 400+ companies, we provide in depth analysis with unique local color to investors. Consistently being voted the Best Investment Consulting Firm in Taiwan in the AsiaMoney broker poll is evidence of our strength. We target providing an extensive range of research, from small, to mid-sized, to large cap. We bring you the big, well-covered names, as well as going off the beaten track to research the less-familiar companies.
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