ZKTECO plans to acquire a 55% stake in Longzhiyuan to enrich its product portfolio
ZKTECO plans to acquire 55% equity of Longzhiyuan for 416 million yuan. After the transaction is completed, Longzhiyuan will become a subsidiary. Longzhiyuan focuses on intelligent outdoor audio and video equipment and optical devices, with its core product being outdoor tracking cameras. This acquisition will expand ZKTECO's business in the smart living sector and enrich its array of smart outdoor products
According to the announcement from ZKTECO (301330.SZ), the company plans to acquire 55% of the equity of Longzhiyuan held by Yu Mengchu, Li Weihua, Chengtian Limited, Longdingxing, Longjuxin, Longhexin, Longyixin, Wolonghui, and Li Weixiong for a total of 416 million yuan. Upon completion of the transaction, Longzhiyuan will become a subsidiary controlled by the company and will be included in the company's consolidated scope.
The announcement indicates that Longzhiyuan is a company focused on audio and video equipment and optical devices in the smart outdoor field. It concentrates on niche areas with the goal of smart living, dedicated to developing smart products related to daily life. Currently, Longzhiyuan's products mainly include two major series: outdoor products and smart home products, with the core product being outdoor tracking cameras. Longzhiyuan's business encompasses ID design, software and hardware design, and manufacturing, providing ODM services for several outdoor professional brands while also selling its own branded products through overseas e-commerce channels.
The announcement states that one of the company's four major brands, "NGTeco," focuses on smart living. Through this acquisition, the company can expand its smart living business into the outdoor sector, enriching the product array in smart outdoor business scenarios
