November 2026
Largest Electrical Parts & Equipment Public Companies in Taiwan
Benchmark revenue and EBITDA valuation multiples for public comps like
Yageo, Zhen Ding Technology, Fortune Electric Co., Teco Electric & Machinery and Voltronic Power.
 | Yageo is a Taiwanese manufacturer of passive electronic components used in electronic circuits. Its products include resistors, capacitors and inductors that manage electrical signals, voltage and current in customer products. The business supplies electronics manufacturers and supply-chain customers across consumer electronics and industrial applications. It earns revenue from the manufacture and sale of physical electronic components. Yageo is listed on the Taiwan Stock Exchange, and its global depositary receipts were also traded in Luxembourg at the time of KKR’s investment. In June 2007 KKR acquired zero-coupon convertible instruments due in 2014, providing an investment exposure that could convert into newly issued common shares or depositary receipts. Counsel described the instruments as representing a potential 16.1 percent shareholding upon full conversion based on the then-current capital structure. The investment therefore initially involved convertible securities rather than an immediately completed acquisition of that percentage of ordinary shares. | $15 | +104% | $32B | $33B | 8.1x | 27.5x | ||
| Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. The company's customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries. The company generates all of its revenue from the manufacturing of PCB products of which key revenue is derived from the USA region followed by mainland China and others. | $15 | +222% | $17B | $18B | 3.1x | 17.7x | ||
| Fortune Electric Co Ltd principally manufactures, processes, and trades transformers, distribution panels, low voltage switches, and substation equipment. The group's reporting segments are the Electrical department and the Turnkey department (Construction department). The majority of its revenue is generated from the Electrical department, which manufactures, processes, and trades transformers, distributors, low-pressure switches, and substation equipment. The Turnkey department mainly engages in engineering contracts. | $17 | -16% | $5.9B | $5.7B | 7.6x | 31.7x | ||
| Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units, and electronic equipment products. The company's Heavy industrial products, the product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan. | $2 | -24% | $5B | $5B | 2.7x | 17.8x | ||
| Voltronic Power Technology Corp is a Taiwan-based company that manufactures and distributes uninterruptible power supplies (UPSs), photovoltaic products, and electronic materials. Its products includes UPS, PV Inverter, Energy Storage System, Variable Frequency Drive, and EV Charger. Geographically, it operates in Taiwan, China and Vietnam, of which it derives maximum revenue from Taiwan. | $27 | -27% | $2.4B | $2.2B | 3.5x | 15.9x | ||
| Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, sales, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions. | $8 | +59% | $1.8B | $1.8B | 6.8x | 18.0x | ||
| Median | $15 | +21% | $5.5B | $5.4B | 5.1x | 17.9x |
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