AT&S Finalizes Sale of Ansan, Korea Plant

AT&S Austria Technologie & Systemtechnik AG has successfully sold its plant in Ansan, Korea, as well as all associated shares in AT&S Korea CO., LTD. to SO.MA.CI.S. S.p.A. This strategic move aims to sharpen AT&S's profile and strengthen its financial position, as highlighted by CFO Petra Preining.

The transaction amounted to an equity value of €405 million, plus approximately €17 million in interest income. Post-tax cash inflow is expected to be €386 million, with €79 million already received by December 31, 2024. This sale is anticipated to reduce the net debt to EBITDA ratio below 3.

AT&S will provide further details in its upcoming nine-month financial report on February 4, 2025. The company remains a global leader in high-end IC substrates and printed circuit boards, with facilities across Austria, India, China, and a new site in Malaysia.