DBG Tech plans major acquisition to boost auto electronics

Huizhou Guanghong Technology Co., Ltd. (SZSE:300735) has announced a plan to acquire 100% equity in All Circuits S.A.S., a France-based EMS provider specializing in automotive electronics, for a consideration of 732.94 million Renminbi. The acquisition also includes a 0.003% stake in TIS Circuits SARL, a subsidiary of All Circuits. The move aims to strengthen DBG Tech's foothold in the automotive electronics market, expand its global reach, and enhance its overall competitiveness. The target AC company main area of business is Europe, the Americas, Africa and other places. The transaction, which is subject to regulatory approvals, is expected to boost DBG Tech's assets, revenue, and profitability. Post-acquisition, All Circuits will become a subsidiary of DBG Tech, and the companies will focus on synergistic opportunities in manufacturing, technology, and customer resources.