AEM Holdings acquires Finnish MEMs testing provider; expects FY18 to outperform, mulls bonus shares

SINGAPORE (Feb 1): AEM Holdings has acquired Afore Oy, a microelectromechanical systems (MEMS) testing and handling solutions provider in Finland, for 7.58 million euros ($12.34 million).

In addition, AEM says its positive revenue guidance of at least $215 million remains unchanged, with sales orders in excess of $115 million already booked for delivery in 1H18.

However, it expects FY18 to outperform FY17, with revenue of at least $255 million and operating profit before tax of at least $42 million.

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