Integrated Micro-Electronics Inc. (IMI), a manufacturing arm of Ayala Group, divested its stake in Germany-based VIA Optronics Holding as part of its effort to strengthen core business.
In a stock filing on Friday, the company said it had sold its 50.32 percent interest in VIA Optronics, a provider of interactive display systems and solutions, to Kronen 3140 GmbH.
IMI did not disclose the value of the transaction.
‘This strategic divestment is part of IMI’s portfolio realignment strategy, which aims to sharpen the company’s focus on its core strengths in the automotive and industrial EMS sectors,’ it said.