FEI Buys Korean Distributor

South Korea was FEI’s third-largest country in terms of orders in 2011, accounting for 11% of orders, partly due to the electronics and semiconductor industries.

Hillsboro, OR 7/9/12—FEI has purchased certain assets of AP Tech, its South Korean agent, for $12 million. Based in Suwon, South Korea, AP Tech has more than 40 employees. “This transition from an agent sales and service model to a direct presence in Korea is a natural evolution that fits both FEI’s strategic objectives as well as the plans of AP Tech management,” said Benjamin Loh, executive vice president, Global Business Operations at FEI. In 2011, FEI’s product revenue in South Korea totaled more than $60 million. The acquisition is expected to be slightly accretive to EPS in the second half of the year.

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