As part of the investment, AEM has been granted the rights to acquire further shares in ATECO, which means it now has a 65% stake in the latter.
AEM Singapore, the wholly-owned subsidiary in AEM Holdings, has acquired 26.59% of the outstanding share capital of ATECO Inc. for a consideration of US$3.8 million ($5.1 million) in cash.
ATECO Inc. is a South Korean company that specialises in the design and development of memory test handler solutions targeted at the memory market.
