One Tech Holding Announces Strategic Partnership between Fuba and Union Gain Electronic Technology
On March 17, 2025, One Tech Holding (OTH) announced a strategic partnership between its subsidiary Fuba, a specialized printed circuit board (PCB) manufacturer, and Union Gain Electronic Technology (HK) Co., Ltd., a major player in the electronics industry. The agreement was successfully finalized on April 10, 2025, marking a significant milestone in Fuba's development and aligning with One Tech Group's international expansion strategy.
Partnership Details
Under the agreement, Union Gain will acquire a minority stake of 33% in Fuba through three successive capital increases, to be completed before the end of the first quarter of 2027. The financial terms of the deal have not been disclosed. This partnership aims to significantly enhance Fuba's competitiveness by combining its technological, industrial, and commercial expertise with Union Gain's, opening up opportunities for development in new markets, particularly in Europe and North America, while consolidating Fuba's presence in its historical markets.
Synergies and Opportunities
Finding synergies between the two entities is crucial, especially given the current turmoil in the global economy caused by American tariffs. While the ambition to tackle the US market may need to be postponed, at least until the American president revises their strategies, this situation is not expected to last indefinitely, and normalcy is expected to return within the next four years. This partnership will be beneficial to One Tech, but immediate returns on the Tunisian group's accounts should not be expected.
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