SECTOR
Sancode Technologies’ arm inks pact to acquire 100% stake in Cirtek Electronics Corporation
Oct-24-2026

Sancode Technologies’ subsidiary -- Sancode Semi has entered into an agreement to acquire 100% of the share capital of Cirtek Electronics Corporation (CEC), a corporation incorporated under the laws of the Republic of the Philippines. The proposed acquisition will further strengthen the access to technology, intellectual property and proprietary know-how of the Semiconductor OSAT operations of the company.

Total purchase consideration is $20,200,000. The first tranche purchase consideration of $11,320,000 is payable on Closing, and the second tranche purchase consideration of $8,880,000 is payable not later than 1 year from the Closing Date.

Sancode Technologies is engaged in the business of software and product development offering an API enabled platform and solutions that enable organizations to rapidly adopt powerful technology applications addressing their strategic business needs.


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