Integrated Micro-Electronics Inc. (IMI), a member of the Ayala Group, has signed a definitive agreement to divest its Czech Republic operations to KEBODA Deutschland GmbH & Co. KG, a subsidiary of Shanghai-based Keboda Technology Co., Ltd., for a total consideration of EUR10.03 million, subject to adjustments.
The transaction, executed through IMI’s wholly owned subsidiary Coöperatief IMI Europe U.A., is part of the company’s broader restructuring and footprint rationalization program launched in late 2024. The deal aligns with IMI’s strategy to streamline its European operations, focusing resources on its Bulgaria and Serbia facilities while reducing administrative overhead.
Under the agreement, the payment will be made in three tranches: EUR1 million upon signing, EUR8.53 million at closing, and EUR500,000 ten days after finalization of the closing accounts.
Despite the divestment, IMI said its continued commitment to Czech-based clients. Most of IMI CZ’s customers have already been transitioned to alternative IMI sites, with remaining clients set to be supported through a manufacturing services agreement with Keboda, ensuring continuity of operations.
The deal is subject to multiple conditions precedent, including regulatory approvals, settlement of financial obligations, and completion of business carveouts. IMI and Keboda are also finalizing the required services agreement to support the customer transition.
Keboda, a leading automotive electronics solutions provider, is expected to integrate IMI CZ into its growing European footprint, leveraging the facility to further enhance its presence in intelligent and energy-efficient automotive components.
