TAIPEI, Taiwan – June 10, 2025 – Avalue Technology Inc.(TPEx: 3479.TWO), a leading Industrial PC (IPC) company, announced that its Board of Directors today has approved a strategic investment to acquire 51% stake in Champ Vision Display Inc. for NT$247.86 million. Upon completion of the transaction on July 1, 2025, Avalue will become the largest shareholder and will incorporate Champ Vision as a subsidiary. Coretronic Corp. (5371.tw), a leading backlight manufacturer and also current major shareholder of Champ Vision, believes this strategic alliance will further unlock Champ Vision’s future growth potentials with both Avalue’s and Coretronic’s support. Coretronic will still hold approximate 40% stake in Champ Vision and remain the second-largest shareholder.
Champ Vision Display Inc. was a spin-off of Coretronic’s Display Division in 2017 and has since positioned itself as a specialized industrial display solution provider with expertise in optical, mechanical, and electronic system integration. With its advanced high-brightness and color calibration technologies, ruggedized designs for extreme environments, integrated hardware-software-firmware capabilities, as well as touchscreen and thermal know-how, Champ Vision serves a wide range of applications in medical, industrial, retail, transportation, professional, and entertainment. The company has demonstrated steady growth with annual revenue over NT$1 billion in recent years.
Synergies and Future Outlook. Avalue believes this strategic investment will:
1. Complete its product portfolio. Avalue can leverage its global sales and distribution network for the newly-added industrial-grade display products and provide its customers with more complete product lines and services.
2. Enhance integration capabilities. Avalue is able to command in-house domain know-how of industrial display through this investment, thus enabling further integration of IPC and touch/display modules, which can significantly increase its level of product customization, added value, and competitiveness.
3. Leverage customer base and vendor code. Both Avalue and Champ Vision will benefit from shared customer bases through upsell and cross-sale, delivering more comprehensive and integrated solutions to clients for design-win.
Avalue believes the partnership of complimentary domain know-hows, technologies, and customer bases is expected to create substantial synergies.
Coretronic also added that bringing Avalue on board as the largest shareholder will help unlock greater potentials for Champ Vision, while also indirectly forming a strategic alliance between Coretronic and Avalue as well. The three parties will have further and deeper collaboration to make a foray into high-growth fields such as automobile display/AIO or AI-related applications.