The bid was awarded to Asetek, which invented a closed-loop liquid cooler for processors he can’t refuse from CQXA Holdings, a subsidiary of Chinese electronics group Suzhou Chunqi, to take over the company entirely.
If the deal is successful, CQXA will pay 1.72 Danish kroner (about $0.27) per share, for a total of 547.4 million Danish kroner ($85 million). When it was announced on November 25, 2025, Asetek’s shares were valued at DKK 0.82, making the offer a 110% escalate on the share price alone.
The three main shareholders, representing 33.4% of the share capital and votes in Asetek, also agreed to accept the offer and tender offer. The report makes it clear that there is an intention to accept a takeover offer and CQXA must publish an offer document approved by the Danish Financial Supervisory Authority by December 23.
If by this point the CQXA holding obtains consent and obtains 90% of the shares, it will “complete the compulsory takeover of the remaining Asetek shares and apply for the withdrawal of Asetek shares from trading and official listing on the Nasdaq Copenhagen A/S stock exchange.”
According to Financial Times.CQXA’s owner, Suzhou Chunqi, has approximately 6,000 employees and estimated revenues of 4.16 billion Chinese yuan (approximately $500 million). The buyout report states that Chunqiu sees Asetek’s “industry-leading liquid cooling” and “SimSports initiatives” as “highly complementary to its portfolio.”
If everything goes well with the acquisition, the offer should be fully accepted in the first months of 2026.
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