IMI and Narra acquire 67 per cent of PSI

Integrated Micro-Electronics (IMI), an electronics manufacturing services (EMS) provider, and Narra Venture Capital II have announced that they are to acquire 67 per cent of PSI Technologies, a semiconductor-assembly and test-service provider.

On completion, IMI will own 56 per cent and Narra will own 11 per cent of PSI. 

The aggregate transaction value is approximately $30m (£20m).