Taiwan’s WT Microelectronics Completes $3.8B Acquisition of Future Electronics

WT Microelectronics Co.’s mega acquisition of fellow distributor Future Electronics is now complete.

Taipei, Taiwan-based WT Microelectronics announced April 2 that its $3.8 billion purchase of Montreal, Canada-based fellow electronic components distributor Future Electronics is now complete.

The combination further cements WT as a global electronics distribution force, now dual-headquartered in Taipei and Montreal.

WT had 2023 global revenues of $19.1 billion. Founded in 1993 initially as a Taiwan-based semiconductor components distributor, the company has over 400 supplier partners today across major technology segments and a base of over 25,000 customers worldwide.

In its initial September news release announcing the acquisition, WT noted that Future Electronics’ had 2023 first-half revenue of $2.9 billion. Founded in 1968, the company has approximately 5,100 employees worldwide, with a presence in 48 countries and regions.

In a shared news release, the companies said the deal brings together two highly complementary business models and with end-to-end service capabilities by leveraging the strengths and expertise of both organizations to offer greater value to customers and suppliers. 

“We are excited to welcome the Future Electronics team, who share our passion for delivering world-class services to help our partners succeed,” said Eric Cheng, Chairman and CEO of WT Microelectronics. “Future Electronics has an extensive supplier and customer base as well as a highly competent team of management and employees. We look forward to working with our new immensely talented colleagues around the world to embark on WT Microelectronics’ new chapter.”

“Our two companies share a common culture, driven by a rich entrepreneurial spirit that empowers our talented employees globally,” added Omar Baig, President and CEO of Future Electronics. “As part of WT Microelectronics, we will continue our commitment to offer the highest level of services to our suppliers and customers, which we have been doing for the past 56 years.”