China Fujian Grand Chip Investment Fund LP (FGC) semiconductor equipment manufacturers with Germany ace (Aixtron) strong (AIXGn. DE) said on Monday that FGC 6 euros per share purchase price will be ace is strong, including net cash, to love, strong valuation of around 670 million euros ($752 million).

Three months compared with strong mined volume weighted average share price, the price premium of about 51%. The deal news ace strong shares jumped 20% in pre-market trading brokers Lang&Schwarz.

"With the support of FGC, we found a strong partner, to provide a deep understing of the market, to support our business objectives, in Asia," ace strong regulatory chairman Kim Schindelhauer said in a statement, saying that the board of supervisors fully support the deal.

Ace is strong, according to the company's headquarters will remain in Germany cuo root hale's (Herzogenrath), and will remain in Germany headquarters, in Cambridge, England, and sunnyvale, California, us three technology center.

After the completion of the acquisition, ace strong executive Martin Goetzeler and chief operating officer, Bernd Schulte will continue to stay on.

FGC will provide RMB 1.7 billion ($260 million), or about 231 million euros of equity financing, the rest of the purchase money will come from debt financing.

Strong German AIXTRON ace co., LTD is a leading global semiconductor industry deposition equipment providers, business covers compound semiconductor, semiconductor silicon, organic semiconductor, nanotechnology and other fields.

In march of this year, ace has published a new OVPD display equipment OLAD (OrganicLarge Area Demonstrator, organic large Area displays), thinks it has reached an important milestone in process technology. The system for internal test in the past few months, in some cases the effect is remarkable, has the initial customer tests can be performed.