LAGUNA, PHILIPPINES — Integrated Micro-Electronics Inc. has signed an agreement to acquire a 76% stake in Via Optronics for $53.7 million.

The acquisition is expected to be accretive to IMI’s earnings per share starting 2017. The transaction, which will be financed through debt, is expected to close in the third quarter of 2016.

Via founder Jürgen Eichner will retain a 24% ownership and will remain as managing director, reporting to Arthur R. Tan, IMI’s chief executive officer.

With its headquarters in Schwarzenbruck, Germany-based Via develops products for optical bonding and display markets. It has approximately 290 employees across its research facilities and manufacturing sites in Mörsdorf, Germany, and Suzhou, China.

“Together, IMI and VIA will be best positioned to revolutionize the way the world experiences vision and touch-on displays,” said Tan. “We believe the acquisition will allow IMI to strengthen its partnerships with customers by offering complementary automotive camera and display monitor solutions for advanced driver assistance systems.”

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