Asetek A/S on Tuesday said it has received an all-cash takeover offer from CQXA Holdings Pte. Ltd., a wholly owned and controlled subsidiary of Suzhou Chunqiu Electronic Technology Co., LTD.
The offer price is DKK 1.72 per share, valuing Asetek at about DKK 547.4 million.
The offer price of DKK 1.72 per share represents a premium of approximately 110% compared to the closing trading price of DKK 0.820 on Nasdaq Copenhagen A/S on November 24, 2025.
Søren Klarskov Vilby, Chair of the board of directors of Asetek, said: "We are happy to announce the voluntary Offer from Chunqiu, and we believe it is a validation of Asetek's leadership within liquid cooling solutions as well as the exciting prospects within our SimSports business. We have been through an extensive process, spanning around six months, where we have successfully raised the Offer Price multiple times through intense negotiations, and as such we are confident that the Offer Price represents the absolute highest price that Chunqiu is capable of offering. I appreciate the engagement and dialogue with all of our larger shareholders during this process, and it has been instrumental in order to now sign the agreement and secure the best possible price for Asetek. I would also like to extend my gratitude to the management team, the entire Asetek organization and Chunqiu for working hard through many months to get this Offer announced. It is my hope that all shareholders will review the Offer in detail and follow the Board's recommendation to accept the Offer."
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