AcquisitionsAug 6, 2026, 06:11 AM
Micware acquires remaining 30% in two subsidiaries
AI Summary
Micware Co., Ltd. has acquired the remaining 30% stakes in its subsidiaries, Micware Asia Pacific Co., Ltd. and Micware North America, Inc., from principal shareholders O-Well Corporation and Uni Electronics Inc. This makes both entities wholly owned subsidiaries. The total consideration for Micware Asia Pacific was THB 12,900,000 and for Micware North America was US$1,800,000. Additionally, the company issued public notices regarding an internal reorganization involving absorption-type company splits, effective September 1, 2026, to reallocate location-based and in-vehicle services among its entities.
Key Highlights
- Micware acquired the remaining 30% stake in Micware Asia Pacific Co., Ltd.
- Micware acquired the remaining 30% stake in Micware North America, Inc.
- Micware Asia Pacific and Micware North America are now wholly owned subsidiaries.
- Total consideration for Micware Asia Pacific shares was THB 12,900,000.
- Total consideration for Micware North America shares was US$ 1,800,000.
- Company also announced public notices for internal reorganization via company splits.
- Micware Navigations Co., Ltd. will succeed to location-based services business.
- Micware Automotive and Mobility will succeed to in-vehicle business.
Price Impact
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