GMI Technology Inc. (Public, TSEC: 3312) today announced that they have acquired Sinotech Electronics Ltd., a Hong Kong based company. Sinotech Electronics was established in 1995 as a semiconductor distributer, and emerged into a company that could also provide software and turn-key solutions to a range of market segments, focused primarily on China based manufacturers. The integration of the two companies is complete and Sinotech will now operate as a wholly owned subsidiary of GMI Technology As part of the acquisition all key Sinotech customers, vendors, and employee staff joined GMI Technology

Commenting on the announcement, Joseph Tong, vice president of GMI Technology New Business Development said, “We are very excited to add the assets of Sinotech to our company. They bring immediate new customer and vendor partners to GMI Technology Their expertise in the Home Appliance market fits well with one of our key strategic initiatives. The fact that both GMI Technology and Sinotech have engineering resources located in Wuhan, China has given the partnership a fast start. Shipments of products previously under Sinotech have already started in volume by GMI Technology We are optimistic about what this new partnership brings to our valued customers and we will continue to look at additional new alliances to enable our company to meet our aggressive, but achievable, future goals.”