AIO liquid cooler pioneer Asetek receives buyout offer

Asetek, the company best known for pioneering the All-In-One liquid cooler for PCs, may soon have new ownership. The company has issued an update to shareholders that it has received a buyout offer, and the board of directors intends to recommend the sale. 

Asetek has received a public takeover offer from CQXA Holdings, a subsidiary of Suzhou Chunqiu Electronics Technology Co, which is known for specialising in precision components and structural modules for consumer electronics. The offer is for 1.72 Danish Krone per share. This represents a 110% premium compared to the company's closing share price of 0.82 DKK prior to the announcement being made.

As you may expect, the announcement of this buyout offer sent Asetek shares skyrocketing. Currently, the company share price sits at 1.6 DKK, as investors look to benefit from the agreed buyout price of 1.72 DKK per share. The total value if the buyout should be just over 574 million DKK, or around £67.3 million converted to GBP.

In its press release on the matter, Asetek confirms it has agreed to the offer and “intends to recommend that Asetek shareholders accept the offer” when it comes time to vote. Every indication so far points towards the deal going through, pending approvals from financial authorities.

The press release states that CQXA is interested in Asetek for its industry-leading liquid cooling solutions and expertise in high performance computing, as well as its SimSports initiatives. It is claimed that after the buyout, the new owners intend to “maintain Asetek as a distinct business unit to preserve its brand and operational independence”.

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KitGuru Says: Asetek may not be well known by every reader, but chances are if you have owned an AIO liquid cooler, there has been some Asetek technology inside. Asetek owned the patent for pumps integrated directly into the CPU block, the core feature behind many AIO coolers, although that patent had finally expired earlier this year, creating a questionable situation for Asetek's OEM status moving forward. 

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