13 July, 2015
New Major Shareholder and Investor in Silex Microsystems
The investment holding company GAE Ltd has acquired 98% of the shares in Silex Microsystems. The transaction took place July 13th 2015 when the former major shareholders CapMan, Priveq, Northzone and Startupfactory agreed to sell 100% of their respective holdings in Silex Microsystems. Silex founder and CEO, Edvard Kalvesten retains 2% of the shares in the company and continues his role as CEO and board member of Silex. No changes are made to the organizational structure or business operations of Silex and all members of Silex executive management team remain in their respective functions after the transaction.
GAE Ltd is a Hong Kong based investment holding company set out to invest primarily in the semiconductor industry. Silex management team views this new ownership as a great opportunity to further strengthen Silex position as the World’s number one Pure Play MEMS Foundry. The new major shareholder brings recognized expertise and understanding of the global semiconductor industry and has endorsed additional investments to expand the capacity of Silex 8” wafer manufacturing line during 2015. The new investor is also capable of backing future investments that may be required for Silex to remain the undisputed leader in offering Pure Play MEMS volume manufacturing to innovation leaders around the World.