Philippine electronics manufacturer Cirtek Electronics Corp. said Tuesday it had bought United States technology firm Quintel for $77 million, the latest in a trend of local companies acquiring foreign businesses. The purchase–fuelled by one of Asia’s fastest-growing economies—reveals the latest trend of Filipino companies embarking in recent years on global expansion plans that analysts say are the biggest ever seen from the Philippines. Cirtek chief financial officer Tony Buyawe said the acquisition of the Silicon […]
