Macnica acquires component distributor

December 18, 2008 | BY

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Macnica, a company listed on the Tokyo Stock Exchange, has bought Cytech Technology and its subsidiaries in the PRC for US$55 million.Cytech distributes…

Macnica, a company listed on the Tokyo Stock Exchange, has bought Cytech Technology and its subsidiaries in the PRC for US$55 million.

Cytech distributes electronic components, including semiconductors, in the PRC.

JSM advised the sole shareholder of Cytech on the deal, with partner Hannah Ha leading. Gavin Nesbitt headed a Deacons team advising Macnica.

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