Switching power supply manufacturer Delta Electronics announced to acquire 19% stake in PBA International Pte. Ltd., a Singaporean industrial automation component supplier, for NT$296 million (US$8.9 million; US$1=NT$33.25), and will become the latter's largest stakeholder after the deal, reported Commercial Times on January 6. Recently Delta's M&A activities have focused on the fields of telecom power system, datacenter, industrial automation, and healthcare. The company has acquired Norwegian telecom power system supplier Eltek, invested in x-ray machine company Swissray Global, and signed a private equity investment agreement with Optovue, a US startup in the eye care market.