Respective Boards of Directors of Delta Electronics, Inc. (Delta) and VIVOTEK Inc. (VIVOTEK) have recently approved a proposed cash-for-share exchange transaction. Under this Delta is to acquire 100% of VIVOTEK’s outstanding shares for approximately NT$3,733 million. Under the terms of the Transaction agreement, the acquisition price is set at NT$100 per share, representing an approximate premium of 16.8%.
VIVOTEK is to convene an extraordinary general meeting on January 16, 2026 to seek shareholder approval for the Transaction and related matters. The effective date of the share exchange is tentatively set for March 27, 2026. Upon completion, VIVOTEK is to become a wholly-owned subsidiary of Delta, and will delist from the Taiwan Stock Exchange, ceasing public offering as of the effective date.
Commenting on the development, Ping Cheng, Chairman and CEO of Delta, said, “Smart buildings represent a core strategic focus for our company. Since VIVOTEK joined the Delta family, its world-class surveillance technology has become a critical pillar of our building automation solutions business. In response to the challenges and opportunities brought by rapid changes in the global market, closer integration between Delta’s Building Automation Business Group and VIVOTEK will accelerate decision-making and further enhance synergies across resources.”
