Delta Group acquires Loy Tec and Innocontrol (85% stake)

Delta Electronics' Singapore subsidiary acquired an 85% stake in building-automation firms Loy Tec electronics GmbH and Innocontrol electronics GmbH, with the remaining 15% to be acquired later.

“Delta Electronics’ wholly owned subsidiary, Delta Electronics International (Singapore) Pte. Ltd., has acquired shareholdings in Loy Tec electronics GmbH and Innocontrol electronics GmbH. The acquisition will be carried out in two phases with an 85% shareholdings in both companies acquired first after signing the contract.”

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