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Manila Bulletin devider Business devider The Stock Market devider IMI completes sale of Czech subsidiary as it streamlines global operations

IMI completes sale of Czech subsidiary as it streamlines global operations

Published Aug 1, 2025 09:40 am
Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s tech manufacturing arm, has completed its 100-percent divestment from Integrated Micro-Electronics Czech Republic s.r.o. for ₱670 million or €10.025 million.
In a disclosure to the Philippine Stock Exchange (PSE), IMI said it has sold full ownership of the subsidiary to Keboda Deutschland GmbH & Co. KG, a subsidiary of Keboda Technology Co. Ltd., a publicly listed company based in China.
Keboda is a leading system solution provider for automotive intelligent and energy-sufficient electronics components.
As disclosed on June 4, 2025, the transaction was executed through IMI’s subsidiary, Coöperatief IMI Europe U.A. After successful completion of all conditions pertinent to the transaction, the deal officially closed on July 31, 2025.
“This strategic divestment is in line with IMI’s ongoing efforts to streamline its global manufacturing footprint. With this transaction, IMI is better equipped to enhance operational efficiency, increase facility utilization, and drive overall profitability in the region,” said IMI.
It added that, “High-value customers that were previously managed by the Czech facility have been successfully transitioned into IMI’s Bulgaria and Serbia manufacturing sites.”
This sale was executed as part of IMI’s restructuring and footprint rationalization program, which was initiated in the second half of 2024.
“The move will further reduce overhead and administrative expenses as the company consolidates its operations in Europe into its Bulgaria and Serbia facilities,” IMI said.
Last January, IMI announced the strategic closure of its facility in Chengdu, China, as part of ongoing efforts to streamline operations and reduce costs, aligning with the company’s strategy to consolidate its footprint into strategically located facilities.
Production at IMI Chengdu concluded in December 2024 after all customer commitments have been successfully met, although some remaining customer projects have been seamlessly transferred to other IMI sites.

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