The consideration was arrived at on a willing buyer and willing seller basis. The book value and net tangible asset (NTA) value of DB Design as at May 31, are US$428,000 and US$119,000 respectively.
AEM Holdings, a solutions provider for semiconductor and electronics companies, announced on July 22, 2020, that it has acquired a 100% stake in DB Design Group, a California-based supplier of semiconductor-test products and handling systems such as automation fixtures and device kits for a total consideration of US$3.3 million ($4.6 million).
Under the agreement, AEM Holdings will pay US$2.7 million in cash, which will be satisfied in three stages over the next three years, as well as US$600,000 in AEM shares.
