【Delta Electronics】Announcement Regarding Simple Merger with 100% Owned Subsidiary VIVOTEK Inc.
Delta Electronics announced a simple merger with its wholly-owned subsidiary, VIVOTEK Inc. Delta Electronics will be the surviving company, and VIVOTEK Inc. will be the dissolved company. The merger aims to streamline the investment structure and enhance operational efficiency.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 09:00
- 🔍 Collected: April 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 30, 2026 at 08:02 (2 min after Collected)
1. Type of merger and acquisition (e.g., merger, spin-off, acquisition, or share transfer):
Merger
2. Date of occurrence: 2026/4/29
3. Names of companies participating in the merger and acquisition (e.g., other merging party, newly established company from spin-off, target company for acquisition or share transfer):
Delta Electronics Inc. (hereinafter referred to as "the Company") and VIVOTEK Inc. (hereinafter referred to as "VIVOTEK") separately approved a simple merger by their respective boards of directors on April 29, 2026. After the merger, the Company will be the surviving company, and VIVOTEK will be the dissolved company. The name of the surviving company will remain unchanged after the merger.
4. Counterparty to the transaction (e.g., other merging party, company to which assets are transferred in a spin-off, counterparty for acquisition or share transfer):
The counterparty to this case is VIVOTEK.
5. Is the counterparty a related party: Yes
6. Relationship between the counterparty and the company (e.g., investee company in which the Company holds XX% of shares), and explain the reason for selecting a related enterprise or related party as the target for acquisition or share transfer and whether it affects shareholders' equity:
VIVOTEK is a 100% owned subsidiary of the Company.
To streamline the investment structure and enhance operational efficiency, the merger is conducted with a 100% owned subsidiary of the Company in accordance with Article 19 of the Business Mergers and Acquisitions Act, which does not affect the Company's shareholders' equity.
7. Purpose and conditions of the merger and acquisition, including reasons for merger, consideration terms, and payment timing (Note 7):
Streamline investment structure and enhance operational efficiency.
8. Expected benefits after the merger and acquisition:
Streamline investment structure and enhance operational efficiency.
9. Impact of the merger and acquisition on net value per share and earnings per share:
No impact on the Company's net value per share and earnings per share.
10. Type of consideration for the merger and acquisition and source of funds:
Not applicable.
11. Share exchange ratio and its calculation basis:
Not applicable.
12. Unreasonable opinions issued by accountants, lawyers, or securities underwriters for this transaction: Not applicable.
13. Name of accounting firm, law firm, or securities underwriter:
Not applicable.
14. Name of accountant or lawyer:
Not applicable.
15. Accountant or lawyer's practice certificate number:
Not applicable.
16. Content of independent expert's opinion on the reasonableness of the share exchange ratio, cash or other property distributed to shareholders in this merger and acquisition (1. Including the methods, principles, or calculation methods used for determining the public tender offer price and a comparison with internationally accepted market value methods, cost methods, and discounted cash flow methods. 2. Comparison of the financial status, profitability, and price-earnings ratio of the acquired company with listed peer companies. 3. If the public tender offer price refers to the appraisal report of an appraisal institution, the content and conclusions of the appraisal report should be explained. 4. If the acquirer's financing repayment plan is secured by the assets or shares of the acquired company or the surviving company after the merger, an assessment of the impact on the financial and business soundness of the acquired company or the surviving company after the merger should be explained) (Note 7):
Not applicable.
17. Scheduled completion date (Note 7):
The merger record date is tentatively set for December 31, 2026.
18. Matters related to the existing or newly established company assuming the rights and obligations of the dissolved (or spun-off) company (Note 2):
From the merger record date, the Company will comprehensively assume VIVOTEK's assets, liabilities, and all rights and obligations that remain valid as of the merger record date.
19. Basic information of companies participating in the merger (Note 3):
The Company is a global provider of power management and thermal solutions, deeply cultivating four major business areas: "Power and Components," "Transportation," "Automation," and "Infrastructure."
VIVOTEK is a leading network camera manufacturer in Taiwan.
20. Matters related to spin-off (including the valuation of business and assets to be transferred to an existing or newly established company; the total number, type, and quantity of shares obtained by the spun-off company or its shareholders; and matters related to capital reduction if the spun-off company's capital is reduced) (Note: Not applicable if not a spin-off announcement):
Not applicable.
21. Conditions and restrictions on future transfer of acquired shares:
Not applicable.
22. Plans after the completion of the merger and acquisition (including 1. Intent and plan for continuing the company's business. 2. Whether there will be dissolution, delisting, significant changes in organization, capital, business plans, finance and production, arrangements or utilization of important personnel, assets, or any other significant matters affecting the company's shareholders' equity):
Streamline investment structure and enhance operational efficiency.
23. Other important agreements:
None.
24. Other significant matters related to the merger and acquisition:
Streamline investment structure and enhance operational efficiency.
25. Did the directors object to this transaction: No.
26. Information on interested directors involved in the merger and acquisition transaction (name of natural person director or name of corporate director and its representative, important content of their own or their represented legal entity's interests (including but not limited to the method of actual or planned investment in other participating merger companies, shareholding ratio, transaction price, whether to participate in the operation of the merger company, and other investment conditions), reasons for recusal or non-recusal, recusal status, reasons for supporting or opposing the merger resolution) (Note 7):
None.
27. Does it involve changes in operating model: No.
28. Explanation of changes in operating model (Note 4):
Not applicable.
29. Transaction status with the counterparty in the past year and expected next year (Note 5):
Not applicable.
30. Source of funds (Note 5):
Not applicable.
31. Other matters to be specified (Note 6):
None.
Note 2: Matters related to the existing or newly established company assuming the rights and obligations of the dissolved company, including treasury stock and principles for handling issued equity-like securities.
Note 3: Basic information of companies participating in the merger includes company name and main business content.
Note 4: If changes in operating model are involved, please specify in the column, including changes in business scope, expansion/reduction of product lines, adjustment of manufacturing processes, horizontal/vertical integration of industries, or other matters involving adjustment of operating structure.
Note 5: Not applicable if it is not a private placement for M&A.
Note 6: If this case requires approval or permission from domestic or foreign competent authorities (e.g., Investment Commission, Fair Trade Commission, antitrust authorities, or other units) before completion, relevant matters should be specified.
Merger
2. Date of occurrence: 2026/4/29
3. Names of companies participating in the merger and acquisition (e.g., other merging party, newly established company from spin-off, target company for acquisition or share transfer):
Delta Electronics Inc. (hereinafter referred to as "the Company") and VIVOTEK Inc. (hereinafter referred to as "VIVOTEK") separately approved a simple merger by their respective boards of directors on April 29, 2026. After the merger, the Company will be the surviving company, and VIVOTEK will be the dissolved company. The name of the surviving company will remain unchanged after the merger.
4. Counterparty to the transaction (e.g., other merging party, company to which assets are transferred in a spin-off, counterparty for acquisition or share transfer):
The counterparty to this case is VIVOTEK.
5. Is the counterparty a related party: Yes
6. Relationship between the counterparty and the company (e.g., investee company in which the Company holds XX% of shares), and explain the reason for selecting a related enterprise or related party as the target for acquisition or share transfer and whether it affects shareholders' equity:
VIVOTEK is a 100% owned subsidiary of the Company.
To streamline the investment structure and enhance operational efficiency, the merger is conducted with a 100% owned subsidiary of the Company in accordance with Article 19 of the Business Mergers and Acquisitions Act, which does not affect the Company's shareholders' equity.
7. Purpose and conditions of the merger and acquisition, including reasons for merger, consideration terms, and payment timing (Note 7):
Streamline investment structure and enhance operational efficiency.
8. Expected benefits after the merger and acquisition:
Streamline investment structure and enhance operational efficiency.
9. Impact of the merger and acquisition on net value per share and earnings per share:
No impact on the Company's net value per share and earnings per share.
10. Type of consideration for the merger and acquisition and source of funds:
Not applicable.
11. Share exchange ratio and its calculation basis:
Not applicable.
12. Unreasonable opinions issued by accountants, lawyers, or securities underwriters for this transaction: Not applicable.
13. Name of accounting firm, law firm, or securities underwriter:
Not applicable.
14. Name of accountant or lawyer:
Not applicable.
15. Accountant or lawyer's practice certificate number:
Not applicable.
16. Content of independent expert's opinion on the reasonableness of the share exchange ratio, cash or other property distributed to shareholders in this merger and acquisition (1. Including the methods, principles, or calculation methods used for determining the public tender offer price and a comparison with internationally accepted market value methods, cost methods, and discounted cash flow methods. 2. Comparison of the financial status, profitability, and price-earnings ratio of the acquired company with listed peer companies. 3. If the public tender offer price refers to the appraisal report of an appraisal institution, the content and conclusions of the appraisal report should be explained. 4. If the acquirer's financing repayment plan is secured by the assets or shares of the acquired company or the surviving company after the merger, an assessment of the impact on the financial and business soundness of the acquired company or the surviving company after the merger should be explained) (Note 7):
Not applicable.
17. Scheduled completion date (Note 7):
The merger record date is tentatively set for December 31, 2026.
18. Matters related to the existing or newly established company assuming the rights and obligations of the dissolved (or spun-off) company (Note 2):
From the merger record date, the Company will comprehensively assume VIVOTEK's assets, liabilities, and all rights and obligations that remain valid as of the merger record date.
19. Basic information of companies participating in the merger (Note 3):
The Company is a global provider of power management and thermal solutions, deeply cultivating four major business areas: "Power and Components," "Transportation," "Automation," and "Infrastructure."
VIVOTEK is a leading network camera manufacturer in Taiwan.
20. Matters related to spin-off (including the valuation of business and assets to be transferred to an existing or newly established company; the total number, type, and quantity of shares obtained by the spun-off company or its shareholders; and matters related to capital reduction if the spun-off company's capital is reduced) (Note: Not applicable if not a spin-off announcement):
Not applicable.
21. Conditions and restrictions on future transfer of acquired shares:
Not applicable.
22. Plans after the completion of the merger and acquisition (including 1. Intent and plan for continuing the company's business. 2. Whether there will be dissolution, delisting, significant changes in organization, capital, business plans, finance and production, arrangements or utilization of important personnel, assets, or any other significant matters affecting the company's shareholders' equity):
Streamline investment structure and enhance operational efficiency.
23. Other important agreements:
None.
24. Other significant matters related to the merger and acquisition:
Streamline investment structure and enhance operational efficiency.
25. Did the directors object to this transaction: No.
26. Information on interested directors involved in the merger and acquisition transaction (name of natural person director or name of corporate director and its representative, important content of their own or their represented legal entity's interests (including but not limited to the method of actual or planned investment in other participating merger companies, shareholding ratio, transaction price, whether to participate in the operation of the merger company, and other investment conditions), reasons for recusal or non-recusal, recusal status, reasons for supporting or opposing the merger resolution) (Note 7):
None.
27. Does it involve changes in operating model: No.
28. Explanation of changes in operating model (Note 4):
Not applicable.
29. Transaction status with the counterparty in the past year and expected next year (Note 5):
Not applicable.
30. Source of funds (Note 5):
Not applicable.
31. Other matters to be specified (Note 6):
None.
Note 2: Matters related to the existing or newly established company assuming the rights and obligations of the dissolved company, including treasury stock and principles for handling issued equity-like securities.
Note 3: Basic information of companies participating in the merger includes company name and main business content.
Note 4: If changes in operating model are involved, please specify in the column, including changes in business scope, expansion/reduction of product lines, adjustment of manufacturing processes, horizontal/vertical integration of industries, or other matters involving adjustment of operating structure.
Note 5: Not applicable if it is not a private placement for M&A.
Note 6: If this case requires approval or permission from domestic or foreign competent authorities (e.g., Investment Commission, Fair Trade Commission, antitrust authorities, or other units) before completion, relevant matters should be specified.