Delta Force

Delta''s acquisition takes it to a global leadership position and marks another example of an Asian company buying in Europe.

Compounding the trend of manufacturing moving east, Thailand's listed Delta Electronics has bought the power supply business of Switzerland's Ascom Holdings for $110 million.

The move takes the Delta Group into a global leadership position in the area that produces sub-systems for telecoms base stations and data centres - a market estimated to be worth $2.7 billion in 2003 sales.

It is obviously a market segment that has been pounded by the telecom tech downturn, with Ascom deciding to exit the area because it was non-core and because it needed to raise cash to restructure and reduce debt levels.

It could prove to be a smart move for Delta...

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