Keboda Tech unit to acquire Czech IMI for EUR 9.43m
Keboda Technology (SSE:603786) announced that its wholly-owned German subsidiary, KEBODA Deutschland GmbH & Co. KG, will acquire 100% of Integrated Micro-Electronics Czech Republic s.r.o. (Czech IMI) for an estimated EUR 9.425567M, pending final adjustments at closing. The acquisition aims to accelerate Keboda's globalization strategy by enhancing its international production capabilities. Czech IMI's operations primarily cover the automotive sector, with key clients including Renault, Audi, and BMW. While the acquisition is subject to customary closing conditions and regulatory approvals, Keboda anticipates no significant impact on its near-term financial performance. Post-acquisition, Czech IMI will continue to fulfill existing orders, with plans for Keboda to gradually integrate its own business into the Czech facility.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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