Advantech and Inventec form joint venture

Inventec, a leading design and manufacturing service provider of notebook computers, servers, and mobile devices and Advantech, a worldwide leader in Industrial Intelligent Systems, jointly announced on March 22nd that they will enter a strategic alliance agreement to form a new company, AIMobile Co. Ltd. Capital contributions to the joint venture will be in the form of cash with an anticipated total amount of NT$1,000 million. Inventec and Advantech will hold 55% and 45% of the equity, respectively. The timing and amount of actual cash will be based on the schedule of operations. AIMobile will focus on the development and manufacturing of industrial handheld mobile devices targeting retail, in-vehicle, field service, and medical applications.

Ke-Cheng Liu, Chairman of Advantech commented, “In various Industrial and Smart City applications, Advantech sees strong demand for handheld mobile devices from its customers and believes there is a strong potential for growth. Through Advantech’s brand and market reach, and by leveraging the abundance of software and hardware engineering resources of Inventec, AIMobile will provide customers with the best-in-class industrial tablets and other handheld devices, in particular solutions based on the Android operating system with software and peripheral support.”

Inventec and Advantech believe that on the basis of Advantech’s industry know-how and global sales network, plus Inventec’s strong software and hardware capability in mobile devices as well as its manufacturing expertise, AIMobile is well positioned to capture new growth opportunities and become a global leader in the design and manufacturing of industrial mobile systems.

Advantech Corporation

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