BERLIN (Reuters) – Infineon is looking for small- and medium-sized acquisitions worth up to 3 billion euros ($3.30 billion) that would fit well with the German chipmaker’s portfolio, Chief Financial Officer Sven Schneider told Germany’s Focus Money magazine. “We are now aiming for smaller and medium-sized acquisitions in order to strengthen ourselves selectively in those […]
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Infineon CFO: looking for acquisitions of up to 3 billion euros
BERLIN (Reuters) – Infineon is looking for small- and medium-sized acquisitions worth up to 3 billion euros ($3.30 billion) that would fit well with the German chipmaker’s portfolio, Chief Financial Officer Sven Schneider told Germany’s Focus Money magazine.
“We are now aiming for smaller and medium-sized acquisitions in order to strengthen ourselves selectively in those areas where we can become even better,” said Schneider.
Acquisitions can range from 1 to 3 billion euros, said Schneider, who added that liquidity was not an issue.
“We have liquidity of almost 3 and a half billion euros. We want to maintain a minimum liquidity of 1 billion plus 10%. That currently corresponds to about 2.6 billion euros,” he said.
An acquisition would only be made if it fit the company’s portfolio strategically, financially and culturally, he added.
($1 = 0.9084 euros)
(Writing by Miranda Murray, Editing by Friederike Heine)