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PR Newswire

G7 Connect and E6 Technology Announce Completion of Merger

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The merger combines IoT technology with software services to empower the road freight transport sector

BEIJING, June 11, 2022 /PRNewswire/ — G7 Connect Inc. (“G7”), a fleet management company backed by Tencent Holdings Ltd., and E6 Technology (“E6”), announced the merger of the two companies. The merger took place in the first quarter of 2022, with the initial stage of their business integration having been completed. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Group”), while E6 chairman and CEO Zhang Jingtao will serve as vice chairman and G7 CFO Zhang Jielong as CFO.

G7 Connect and E6 Technology Announce Completion of Merger
G7 Connect and E6 Technology Announce Completion of Merger

The merger will create the largest and most influential software service provider in the industry, with businesses spanning key vertical markets covering both production and consumer logistics. The Group’s customers include major players in the trillion-yuan road freight transport market. With its product portfolio serving as a one-stop digital service that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ advantages in technology, making it the only technology company in the sector to provide a comprehensive range of Internet of Things (IoT) software as a service (SaaS) services.

The Group is well positioned to provide customers with more cost-competitive, premium services by optimizing its supply chain and service networks and reducing procurement and operating expenses. It also plans to continue investing in technology and R&D in a move to provide customers with valuable data-driven products, with the aim of facilitating an industry-wide upgrade to a connected supply chain supported by data intelligence.

G7 and E6 were among the few fleet management firms that were capable of providing IoT SaaS solutions due to substantial investments in IoT, data, algorithms and software technologies alongside continued strengthening of their respective advantages in technology as a way to build barriers to competitors. Both firms had also explored and implemented differentiated approaches based on their respective core competencies. Notably, G7 had established a leadership role in the area of IoT technology empowered software subscription, and overall capacity and transactions on transpiration, energy, insurance and equipment, while E6 had been dedicated to providing software subscription services to large cargo owners and logistics providers, becoming a leader within the domain of consumer logistics, including fast-moving consumer goods (FMCG), retail, food, and cold chain logistics.

“Although the digital transformation journey of the sector has just begun, freight cooperators are looking forward to changing how they operate and achieving business success through the application of digital solutions,” said the chairman and CEO, Mr. Zhai. “The combination of G7 and E6 enables us to invest more firmly in technology and to further create value for our customers by way of data-driven products.”

“Prior to the merger, both companies believed in the importance of helping customers succeed and bringing changes to the sector by virtue of IoT SaaS services while post-merger, the shared belief has become our common ambition,” stated the vice chairman, Mr. Zhang. “We plan to continue providing premium products and services with the goal of building an outstanding SaaS company with an ongoing commitment to creating value for customers.”

G7, a leading provider of IoT SaaS services for the road freight transport sector, served a wide range of small, medium and large freight manager with IoT-based software subscriptions and transaction services. The firm, by continuing innovations in technology and expanding its portfolio, had been leading the sector in terms of software subscriptions as well as transaction services for transport capacity, energy, insurance and equipment. E6, a pioneer in IoT SaaS services for the sector, had been dedicated to providing customers with IoT-based software subscription services with a focus on large cargo owners and logistics companies. With a continued commitment to tightly-run operations and superior services, the company has earned a reputation as the dark horse in the FMCG, retail, food and cold chain segments.

As two leaders in the IoT technology and software services space, both G7 and E6 had been focusing on providing IoT technologies and software to large cargo owners and logistics providers as well as to tens of thousands of freight managers. Prior to the merger, the two firms together served over 80% of China’s large cargo owners and logistics providers in addition to assisting almost 30,000 small and medium-sized freight managers in improving efficiency and increasing revenue.

The merger received strong support from both firms’ shareholders. AnJie Law Firm, Llinks Law Offices, Global Law Office, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Group provided professional services for both the transaction and integration efforts. Following the completion of the merger, Global Logistic Properties’ private equity arm Hidden Hill Capital, Tencent, Cainiao Smart Logistics Network and other investors have each appointed representatives to the Group’s board of directors in tandem with carrying out specific tasks with an eye to further deepening their business collaboration.

¹ Freight manager refer to enterprises that manage the operation and trading activities of road freight, including large, medium and small cargo owners, logistics companies, self-owned fleets, outsourced fleets, commerce trading companies , manufacturing enterprises, etc. According to a BCG research report, about 700,000 freight managers carry about 85% of China’s road freight volume and are major players in the road freight market.

For more information, please visit G7.

Media Contact:
Peipei Lin, linpeipei@g7.com.cn
Shuai Zhang, conntect@g7.com.cn

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Source: G7 Connect Inc.

PR Newswire

SONGTRADR EXPANDS ITS B2B MUSIC TECHNOLOGY SOLUTIONS – ACQUIRES LEADING ADVANCED AI SEARCH COMPANY, MUSICUBE

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The Hamburg-based AI technology company enables measurable ROI-driven licensing that optimizes the creative performance of content

LOS ANGELES, June 8, 2022 /PRNewswire/ — Songtradr, the world’s leading B2B music company, announced today the acquisition of leading AI metadata and music search company, Musicube. The transaction expands the company’s portfolio of tech-enabled music solutions designed to license the right music for any content, driving higher ROI and enabling brands to measurably engage their target audience. Using neural networks and proprietary artificial intelligence, Musicube’s semantic search has reached product leadership in both quality and data depth. It helps match music to content and a brand’s target audience. This technology further enhances Songtradr’s B2B music solutions that harness the power of data and tech-enabled intelligence with creative excellence.

“Musicube has approached audio analysis from an entirely unique perspective and this acquisition accelerates our mission to increase the value and effectiveness of music in content,” said Paul Wiltshire, CEO of Songtradr. “Their impressive team of passionate musicologists and data scientists understand the power of data and its relationship with music, which ultimately benefits our brand and agency customers as well as music rights holders. In order to have the world’s best B2B music search and recommendation technology, we need premier metadata enrichment technology, which is a key component of the B2B music supply chain. Adding the Musicube technologies, data and extraordinary team to Songtradr will help accelerate our enterprise customer user experience.”

Musicube’s proprietary software is delivered via web widgets and an API that provides pristine metadata at scale for music labels, publishers, music supervisors, among many other audiences. The technology also enables customers to search for tracks, playlists and artists based on audiences, moods, genres, vocal features, instruments, tempo and more, unlocking the true value of catalogs and rights.

David Hoga, CEO and founder of Musicube, said: “Songtradr is the most exciting music company we have seen in a very long time. We are incredibly happy to join this exceptional team of music lovers and technologists as every single conversation we have had can be characterized by both cordiality and an ambitious agenda. We share a common vision of an artist-friendly music industry, using data to achieve it.”

With a team of more than 350 people and offices in 12 countries worldwide, Songtradr has grown from being a music tech product for independent artists to a multi-disciplined, end-to-end solution for music buyers, brands and rights holders.

Songtradr’s unique portfolio of the world’s leading music services companies (Massive Music, Big Sync Music and Song Zu) alongside its industry-leading technology and data products (Songtradr, Tunefind, Pretzel, Jaxsta (investment only) and Musicube) provides its customers a distinct advantage to maximize the value of music in their projects.

For more information about Songtradr’s products and services, visit songtradr.com.

ABOUT MUSICUBE:

Musicube’s music AI solution provides rich metadata for music labels, publishers, rights holders and others seeking song discoverability tools. The database includes more than 50 million song titles with ISRC and all contributors, as well as more than 500 keywords (such as moods, musical characteristics, content from song lyrics and many more). The company is composed of experienced musicologists and data scientists  based in Hamburg, Germany. For more information, visit http://www.musicu.be.

ABOUT SONGTRADR:

Songtradr is where music meets data, ideas meet innovation, and brand missions are transformed by sound.

We work with brands, agencies, businesses, labels, artists, and more, empowering them to excel on an international stage. Propelled by technology, real-time data intelligence, and musical expertise, our fully integrated products and services help amplify brands and enable artists and rights holders to realize the full potential of their catalog.

Whether with a classic song or a trending tune, a global music strategy or a sonic identity, we help translate ideas into powerful, ROI-driven solutions to ensure content always hits the right note.

We power the world with music.

Press Contact:
Kara Gaughan
Jive PR + Digital
778-872-7676  
kara@jiveprdigital.com   
www.jiveprdigital.com 

PR Newswire

European business communications provider Dstny acquires Tactful AI to accelerate its position in the Customer Experience Platform market.

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The acquisition takes Dstny to the next level in customer engagement, enabling companies to employ Artificial Intelligence and data in their customer experience operations with minimum effort.

BRUSSELS, May 25, 2022 /PRNewswire/ — Dstny, the European leader in business communications, announced the acquisition of Tactful AI, a technology start-up based in the UK and Egypt, that provides a cutting-edge intelligent customer experience platform. The acquisition extends Dstny’s products portfolio and helps companies enhance customer engagement operations across modern digital and traditional voice channels.

“With Tactful onboard, we are not only strengthening ourselves with next-generation Customer Engagement technology, we are also adding an excellent team to our group,” says Daan De Wever, CEO Dstny Group.

As competition increases, businesses are competing mainly on customer experience. Tactful’s Unified Customer Experience Platform (UCX) is an AI and data-centric solution that empowers business users to manage, engage, and understand the customer journey across multiple touchpoints. It includes a complete omnichannel digital contact centre, multilingual conversational chatbots, and conversational analytics.

“Tactful and Dstny share the same vision to bring employees and customers together through interactive communications tools.  We both believe we can positively impact people’s lives even better together. By joining Dstny, we are excited to accelerate our go-to-market strategy and bring even more value to our customers,” Mohamed Elmasry, co-founder, and CEO of Tactful AI. 

With the out of the box, no-code AI-powered automation engine, any organisation can employ AI and data in their customer experience operations with minimum effort regardless of its technical capacity.

“Our M&A strategy is all about product and revenue synergies, not cost synergies like you often see elsewhere. In that way, we grow faster as joint companies, and our customers get access to more and better products much faster. Tactful is a perfect match in every way, and we are excited to start working together,” says Chris Parker, Dstny Group.

For further information
Christian Hed – CMO Dstny
Email: christian.hed@dstny.com 
Tel: +46707187603

About Dstny
Dstny is a leading European provider of cloud-based Business Communications. The company aims to simplify the everyday lives of more than 2,3 million users today: the interactive tools in Business Communications are delivered as–a-service and bring employees and customers together across all communication formats (voice, video, chat, and other).

The Dstny tools are natively mobile-first, locally adaptable, easy to use, and easy to integrate, for companies, partners, and service providers. By combining innovative technology with close relationships with partners and service providers, and with strong local teams, Dstny can deliver the best possible user experience and make the latest applications accessible to companies across Europe.

Headquartered in Brussels, Dstny has 800 employees in 7 European countries (Belgium, Netherlands, France, Germany, Sweden, Denmark, UK) and an annual turnover of nearly €190 million in 2021.

More info: www.dstny.com

About Tactful

Tactful is a leading and private technology company based in the UK, with a presence in EMEA. Tactful offers omnichannel and AI-powered customer experience software to help businesses thrive by enabling meaningful and effective engagement with their customers across touchpoints. Tactful UCX is a comprehensive customer experience platform that incorporates all technologies and tools businesses need to deliver the best customer experience, reduce costs, and boost customer loyalty and sales.

More info: www.tactful.ai

PR Newswire

Top Global Sales Training Company Richardson Sales Performance Announces Acquisition of DoubleDigit Sales, leading Canadian Sales Training Provider

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PHILADELPHIA, May 13, 2022 /PRNewswire/ — Richardson Sales Performance, a leading global sales training organization, is pleased to announce they have acquired DoubleDigit Sales (DDS). DDS, formerly known as Fusion Learning, is a leading provider of sales training solutions in Canada. DDS, like Richardson Sales Performance, is a long-standing Top 20 Sales Training Company*. 

Founded in 2000, DDS is a provider of custom learning solutions for sales leaders and salespeople to evolve to stay close to their clients’ needs. They are dedicated to helping clients drive improved sales results by building sales skills and changing behaviors.

For over 20 years, both companies have worked with customers to drive sales results through the development of people, process, and technology. As one company, Richardson Sales Performance will work with leading sales organizations to drive growth through their sales management operations, their field sales capabilities, and the data and tools that help them change behavior in the flow of work.

According to John Elsey, President & CEO of Richardson Sales Performance, “The addition of the DDS organization and solution set will allow us to continue to provide an unrivaled suite of capabilities and global coverage to empower enterprise sales organizations. We are excited to expand our team to drive long-term, measurable sales results for our customers around the world.”  

*As recognized by Selling Power Magazine

About Richardson Sales Performance

Richardson Sales Performance is the global leader in sales training and performance improvement. For over 40 years, we have worked with the most inspiring sales organizations across industries and geographies. We drive accelerated growth by enabling agility in your sales team so they can get ahead of buyers’ changing needs and act quickly to win. From ensuring your sales managers are executing the right activities to equipping your sales team with the skills and agile approach that focuses on customer collaboration, we will guide your sales organization through a digitally enabled performance journey that excites, engages and reveals results.

Contact: Meghan Steiner
(215) 840-8432
Meghan.steiner@richardson.com

PR Newswire

Happiness Development to Acquire Hekangyuan, One of the Largest Healthcare Product Distributors in Fuzhou Area in China

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NANPING, China, March 7, 2022 — Happiness Development Group Limited ("HAPP" or the "Company"), (NASDAQ: HAPP) an emerging and diversified company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce sales and e-commerce marketing solutions, and the sales of automobile today announced that it has signed an equity transfer agreement (the "Agreement") to acquire 100% of the equity interest in Fuzhou Hekangyuan Trading Co., Ltd. ("Hekangyuan") to further strengthen the distribution network of the Company.

Hekangyuan believes that it is one of largest healthcare product distributors in Fuzhou, China. Hekangyuan generated revenue of $17.6 million and $13.5 million, with net income of approximately $790,000 and $$579,000 for the fiscal year ended December 31, 2021 and 2020, respectively. Pursuant to the terms of the Agreement, the parties agreed that the valuation of Hekangyuan is $12 million and the Company will issue 10 million class A ordinary shares to the shareholders of Hekangyuan in addition to a cash payment of $8 million, in exchange for the 100% equity of Hekangyuan. The Company will have the right to require the Hekangyuan shareholders to purchase back the ordinary shares at a consideration of $12 million in cash if Hekangyuan is unable to reach certain performance target including a net income of $4.5 million during the next three fiscal years of 2022, 2023 and 2024.

"Hekangyuan has been known for its healthcare product distribution network in Fuzhou area and we have been in talk with them about the acquisition in the last several months. We believe after the acquisition of Hekangyuan, we will further strengthen our leading position in the field of healthcare products in Northern Fujian. At the same time, with the successful expansion of our online sales, we will also help Hekangyuan to fully utilize its advantages of supply chain management and distribution abilities," said Mr. Xuezhu Wang, CEO of the Company.

About Happiness Development Group Limited

Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Over the past 17 years, we have established a product portfolio consisting of 23 PRC National Medical Products Administration registered "Blue-Cap" SKUs of nutraceutical and dietary supplements products. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts the B2B business model and is committed to optimizing the auto supply chain by connecting car dealers on our online automobile sales platform and offering the overall services for purchasing automobiles. For more information, please visit: www.happ.org.cn

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the occurrence of any event, change or other circumstances that could give rise to the terms of the Agreement not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the Agreement following announcement of the Agreement and transactions contemplated therein; the inability to complete the transactions contemplated by the Agreement due to unsatisfied closing conditions; risks that the proposed transaction disrupts current plans and operations as a result of the announcement of the Agreement and consummation of the transaction described therein; costs related to the proposed transactions contemplated by the Agreement; changes in applicable laws or regulations; and other risks and uncertainties described herein, as well as those risks and uncertainties contained in reports filed by the Company with the Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

BizLink Announces Completion of Merger with LEONI Industrial Solutions Business Group

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Fremont, Calif., Jan. 21, 2022 — BizLink, a global leader in interconnect solutions, today announces that the sale of the LEONI Industrial Solutions business group to BizLink Holding Inc. has been completed. Considering BizLink’s diversified quality solution portfolio, brand image, long standing relationships, and goodwill, the merger is one giant leap for BizLink Group. BizLink will build a new enterprise to keep providing cutting-edge interconnect solutions for customers, driving growth and innovation, and creating new opportunities for its employees, shareholders, and the communities.

BizLink will establish a new identity for itself with its business diversification and geographical expansion. With this acquisition, BizLink can greatly enhance its capabilities in the interconnect markets of Factory Automation, Healthcare, Machinery and Sensors, Telecommunication Systems, Rolling Stock, and Marine. More importantly, BizLink will become one of the world’s leading technology providers in the connectivity industry and will grow steadily and rapidly in the coming years. With the possibilities that arise from the combination of the companies, cultures, capabilities, and industries, BizLink will continue its momentum in the connectivity industry and push forward to overcome any obstacles and challenges.

The core of our philosophy is to strive towards achieving long-term values to serve the best interests of all employees, customers, shareholders, and the society. Despite the COVID-19 outbreak that has disrupted the global supply chain since 2020, BizLink has been able to achieve growth in operations through cost management, supply chain optimization, smart sourcing, and automation to increase productivity. The employees of BizLink and IN BG will work together to identify and fully utilize the tremendous potential that can be achieved from a larger manufacturing network, a broader technology spectrum, and extensive mutual know-how.

About BizLink

BizLink, founded in 1996, is headquartered in Silicon Valley, USA. Our mission is to make interconnection easier and to become the leading global interconnect solution supplier. We support industries that are environmentally conscious and improve quality of life through providing essential components, wire harnesses, and cables to a wide variety of industries such as IT Infrastructure, Client Peripherals, Optical Fiber Communications, Industrial, Motor Vehicle, Electrical Appliances, Medical Equipment, and Solar. In addition, BizLink also specializes in providing one-stop EMS and NPI services based on customer’s requests. With flexible production resources and global R&D teams in America, Europe, and Asia, BizLink always provides reliable interconnect solutions in close proximity to markets. At BizLink, we strive to keep collaborating closely with customers to turn their innovative ideas into reality. Visit www.bizlinktech.com.

PR Newswire

Foodics Acquires POSRocket And Becomes The Dominant Restaurant-Tech Provider In MENA

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  • Strategic Landmark first acquisition for Foodics to consolidate the market
  • Deal positions Foodics as the dominant Restaurant-tech provider in MENA
  • POSRocket is the second largest restaurant Cloud technology player in the region
  • First acquisition also opens the door to further upcoming M&A activities

RIYADH, Saudi Arabia, Jan. 10, 2022 — FOODICS, the leading GCC Restaurant-Tech company based in Saudi Arabia, has announced today its first acquisition, with the full ownership of POSRocket, the second largest restaurant Cloud technology provider in MENA. 

Photo of Foodics CEO - Ahmad Al Zaini and Chief Executive Astronaut POSRocket - Zeid Husban (left to right)
Photo of Foodics CEO – Ahmad Al Zaini and Chief Executive Astronaut POSRocket – Zeid Husban (left to right)

This landmark acquisition is a strategic move by both companies and one that enables Foodics to consolidate the market, as well as take market leadership position in Egypt, Kuwait, Oman and Jordan on top of the dominant position it already had in the rest of GCC. This first acquisition also opens the door to further upcoming M&A activities and international expansion from Foodics.

Founded in 2016 in Jordan, POSRocket offers cloud-based POS software for restaurants and retailers, allowing owners to remotely manage operations in real-time. The acquisition will allow POSRocket merchants to benefit from Foodics’ ecosystem in managing payments, supplies and capital lending infrastructure.

Ahmad Al-Zaini, Foodics CEO and Co-founder commented, "We are delighted to welcome the POSRocket astronaut team, its clients and partners to the Foodics family and look forward to growing together for the benefit of the wider ecosystem. Our acquisition of the fast growing and second largest restaurant Cloud technology provider in the region is very strategic as it naturally establishes our position as the dominant player across MENA and beyond."

Zeid Husban, POSRocket Chief Executive Astronaut and Founder commented, "Foodics is a natural fit for POSRocket, as both brands are driven by helping business owners grow their operations. Bringing our talented teams together is a strategic move that yields us a unique competitive advantage. Now powered by Foodics, the POSRocket astronauts are delighted to be joining a larger team and brand, and with access to funding, we are looking forward to a bright future together."

Since its inception in 2014, Foodics has successfully already processed over US$5 billion worth of orders through its platform, and is targeting 150,000 terminals by the end of 2024.

More information about FOODICS:

https://www.foodics.com/

PR Newswire

YES (Yield Engineering Systems, Inc.) Acquires SPEC (Semiconductor Process Equipment Corp.)

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Adds Wet Processing to its Expanding Portfolio of Surface & Material Enhancement Solutions

FREMONT, Calif., Dec. 22, 2021 — YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging, life sciences and "More-than-Moore" applications, today announced that it has acquired SPEC (Semiconductor Process Equipment Corporation) of Valencia, California for an undisclosed amount. The companies had announced a strategic partnership agreement in June.

The purchase brings together two longtime, trusted semiconductor equipment suppliers with more than 70 years of industry experience between them. "YES and SPEC have many characteristics in common," said Rama Alapati, CEO of YES. "Both of us have accumulated decades of technological expertise and have installed hundreds of systems in dozens of countries. We both take pride in our many repeat customers, and our excellent industry reputations. In acquiring SPEC, we feel YES is now better-positioned to meet the growing demands of current and future customers in emerging markets such as HPC, AI/ML, 5G, autonomous driving, augmented reality, and other computationally intensive applications."

"The SPEC product line, which includes cleaning, etching, stripping and plating equipment, complements our portfolio well, and will allow YES to extend our offerings into the wet processing market," added Rezwan Lateef, President of YES. "We welcome SPEC’s employees to the YES team, and we look forward to developing a variety of new products together to address and anticipate customer needs."

"SPEC is very pleased to join forces with YES. With global demand for semiconductors increasing dramatically, this merger could not have come at a better time for both companies. We are excited to help YES open new markets and opportunities for our proven wet-process technologies going forward," said Kevin McGillivray, co-founder of SPEC.  

In addition to augmenting its personnel resources with the SPEC staff, YES will gain more than 40,000 square feet of manufacturing, assembly, and cleanroom space in Valencia, as well as SPEC’s regional offices around the world.

About YES

YES (Yield Engineering Systems, Inc.) is a preferred provider of high-tech, cost-effective equipment for transforming surfaces, materials, and interfaces. The company’s product lines include vacuum cure systems, chemical vapor deposition (CVD) systems, and plasma etching tools used for precise surface modification and thin-film coating of semiconductor wafers, semiconductor and MEMS devices, biosensors and medical substrates. With YES, customers ranging from startups to Fortune 100 companies can create and volume-produce products in a wide range of markets, including Advanced Packaging, MEMS, Augmented Reality/Virtual Reality and Life Sciences. YES is headquartered in Fremont, California, with a growing presence globally. For more information, please visit www.yieldengineering.com.

About SPEC

SPEC (Semiconductor Process Equipment Corporation) is a highly experienced supplier of surface conditioning wet process equipment. Since 1986, SPEC has designed and manufactured wafer-level and device-level wet process equipment for acid and solvent surface modification (cleaning, etching, stripping), electroplating, and electroless (chemical) plating for all industries requiring a high level of process cleanliness. SPEC’s products are used for polysilicon chip, chunk, and ingot cleaning; crucible cleaning, cavity cleaning for particle accelerators, chemical mixing and delivery, hard drive component cleaning, and quartzware cleaning. SPEC systems are engineered to match the unique requirements of the end user. For more information, please visit www.team-spec.com.

Media Contact
Victoria Barnes
Director of Communications
YES (Yield Engineering Systems, Inc.)
510-954-6723 direct
VBarnes@yieldengineering.com

PR Newswire

Delta to Acquire Universal Instruments – a Leader in Precision Automation Solutions for Electronics Manufacturing -to Further its Smart Manufacturing Capabilities

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TAIPEI, Dec. 18, 2021 — Delta Electronics, Inc. (later referred to as "Delta"), a global leading provider of smart energy-saving solutions, today announced the agreement to acquire, through its subsidiary Delta International Holding Limited B.V., UI Acquisition Holding Co., owner of Universal Instruments Corporation and its worldwide branches and subsidiaries for an estimated amount of US$88.9 million (approx. NT$2,471,420 thousand)**. Universal Instruments, a global leader in precision automation solutions for smart manufacturing, boasts a lineage of over 100 years and provides precision automation solutions to world-leading customers in a broad range of fields, including automotive, computing, medical, industrial, as well as printed circuit board surface mount placement and odd-form insertion. The transaction is expected to generate substantial synergies by leveraging both companies’ R&D and global customer base and to strengthen Delta’s smart manufacturing capabilities for the electronics industry. 

Mr. Ping Cheng, Delta’s chief executive officer, said, "Universal Instruments has built a remarkable track record and long-lasting customer relationships in the electronics manufacturing field, which is a key focus of Delta’s industrial automation business. Furthermore, by adding Universal’s precision automation machine offering and leading technologies to our highly diversified industrial automation portfolio, we can offer customers total solutions capable of enhancing the productivity and carbon footprint of their production lines. Universal Instruments’ rich experiences in standard automation machines will also enhance Delta’s product development processes. We look forward to cooperating deeply with Universal Instruments to accelerate the development of Delta’s next-generation smart manufacturing solutions."

Jean-Luc Pelissier, Universal’s chief executive officer, commented "Delta has been a long term customer partner of Universal Instruments, and we are privileged to now be part of the Delta family. Delta’s global scale, strong presence in Asia, smart manufacturing prowess, and deep understanding of electronics automation needs supports our technology development and growth strategy. This unique combination will expand our scalability, improve our global reach, and also complement our supply chain and manufacturing footprint, thereby greatly benefiting all our customers."

Throughout its 100-year history, Conklin, NY-based Universal Instruments has devoted itself to technological innovation and development, reflected in its 500+ patent portfolio and close to 30,000 systems delivered to date. The Company offers Precision Automation solutions for advanced applications requiring high accuracy, high-speed handling, assembly, and inspection.  In addition, Universal Instruments developed its Advanced Process Lab (APL) platform, which assists customers in each phase of the products’ lifecycle (prototyping, process development, analytics, and advanced assembly). 

Following the aforementioned transaction, Universal Instruments shall continue operating under the leadership of its original management team.

** The closing of the transaction is subject to satisfaction of certain closing conditions in the Purchase Agreement.

About Delta

Delta Electronics, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices (DJSI) for 11 consecutive years, and its ESG performance was recognized with the highest score in the global electronic equipment industry in 2021 by DJSI. In 2020, Delta was also recognized by CDP with two "A" leadership level ratings for its substantial contribution to climate change and water security issues and named Supplier Engagement Leader for its continuous development of a sustainable value chain.

For detailed information about Delta, please visit: www.deltaww.com

PR Newswire

Foot Locker, Inc. Completes Acquisition of atmos

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Digitally Led, Culturally Connected Business Immediately Expands Foot Locker’s Global Footprint, Provides Foothold in Rapidly Growing Asia-Pac and Extends Premium, Top-Tier Product Offering 

atmos to Maintain Unique Brand Ethos, Identity and Value Proposition Within Foot Locker Family of Brands 

NEW YORK, Nov. 2, 2021 — Foot Locker, Inc. (NYSE: FL) ("Foot Locker" or the "Company"), the New York-based specialty athletic retailer, today announced that, through certain subsidiaries, it has completed the acquisition of atmos, a digitally led, premium, global retailer headquartered in Japan, for $360 million, subject to certain customary adjustments.

Richard Johnson, Chairman and Chief Executive Officer of Foot Locker, said, "We are delighted to officially welcome atmos’s iconic founder, Hidefumi Hommyo, and the entire atmos team to the Foot Locker family. We deeply value atmos’s unique brand, innovative, experiential stores, premium offerings, collaborations and understanding of sneakerhead culture. atmos expands our global reach in the rapidly growing Asia-Pacific market, establishes a critical entry point in Japan and allows us to benefit from immediate scale. We are excited about the many opportunities we will collectively be able to capture as a result of this partnership as we continue creating significant long-term value for our shareholders, consumers, vendor partners, and employees." 

Mr. Hidefumi, CEO, Chief Creative Officer for atmos, said, "Today atmos enters a new era, well-positioned to bring our dynamic and exciting sneakers to more people around the world. atmos was founded with a love of sneakers and a passion for innovation, and with Foot Locker as our partner, we have the opportunity to drive global growth while maintaining what makes us unique. We have worked with Foot Locker for years on product collaborations and partnerships, and we are excited about what is ahead as we pursue our shared passion for sneaker culture, streetwear, creativity and self-expression." 

atmos will maintain its brand name, preserving the atmos identity, brand ethos, and unique value proposition as part of the Foot Locker family of brands. Foot Locker is committed to building on atmos’s strong foundation to propel the brand into its next phase of growth. 

As previously announced, Foot Locker expects atmos to generate low double-digit sales growth annually and low double-digits to mid-teens EBITDA margins over the next five years and be accretive to EPS in fiscal year 2021. As previously reported on August 20, 2021, the Company anticipates that the acquisitions of WSS and atmos combined will be accretive to EPS in the range of $0.44 to $0.48 per share in 2022. 

Advisors 
Evercore served as financial advisor to Foot Locker, and DLA Piper LLP served as its legal advisor. 

About Foot Locker, Inc. 
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep. With approximately 3,000 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company’s purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit https://www.footlocker-inc.com. 

Disclosure Regarding Forward-Looking Statements  
This press release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company’s business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company’s filings with the U.S. Securities and Exchange Commission. 

These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this press release are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. For additional discussion on risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in the Company’s Annual Report on Form 10-K for the year ended January 30, 2021 filed on March 25, 2021. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. 

Investor Contact: 
James R. Lance 
Vice President, Corporate Finance and Investor Relations 
Foot Locker, Inc. 
jlance@footlocker.com 
(212) 720-4600 

Media Contact: 
Cara Tocci 
Vice President, Corporate Communications 
Foot Locker, Inc. 
cara.tocci@footlocker.com 
(914) 582-0304 

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