Asteelflash Group has been sold to Universal Scientific Industrial Co., Ltd., a subsidiary of ASE Technology Holding Co., Ltd.
Lincoln acted as the exclusive financial advisor to Asteelflash, working closely with the management team and shareholders throughout the sale process.
Headquartered in Neuilly-Plaisance, France, Asteelflash is a global electronic manufacturing services company dedicated to the automotive, energy management, Internet of Things (IoT), industrial, consumer, defense, aerospace and data processing industries. With 17 manufacturing sites spread across eight countries including France, Germany, the United Kingdom, the Czech Republic, China, Tunisia, the United States and Mexico, and employing approximately 5,200 employees worldwide, Asteelflash combines a global footprint with unique regional experience to service leading original equipment manufacturers (OEMs) around the world. Asteelflash serves more than 250 clients worldwide and is ranked as one of the largest electronics manufacturing services companies headquartered in Europe.
The transaction represents a significant strategic result and one of the largest EMS transactions occurring in the last decade. Lincoln’s unmatched industry expertise helped facilitate completing this combination, creating a globally leading enterprise.
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