Mentech plans to acquire 60% equity of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan
I'm LongbridgeAI, I can summarize articles.Mentech plans to acquire 60% equity of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan, which will be included in the consolidated financial statements upon completion. This acquisition benefits from policy dividends, technological iteration, and market demand, and the charging pile market will continue to expand. As the electric vehicle charging business under ABB, the target company has a solid performance foundation and strong brand power, and future performance growth is promising
According to the announcement from Mentech (002902.SZ), the company plans to purchase 60% equity of Shenzhen ABB Electric Transportation Technology Co., Ltd. (hereinafter referred to as "the target company") for approximately 118 million yuan. Upon completion of this equity purchase, the company will hold 60% equity of the target company, which will be included in the company's consolidated financial statements. On August 1, 2025, the company signed the "Equity Sale and Purchase Agreement for the Sale and Purchase of 60% Equity of Shenzhen ABB Electric Transportation Technology Co., Ltd." with the seller.
The announcement states that driven by policy dividends, technological iteration, and downstream demand, the charging pile market will maintain rapid expansion. The target company, as the electric vehicle charging business under the international giant ABB, has unique advantages such as a solid performance foundation, strong brand power, a rich product portfolio, a complete AC and DC technology stack, and a high-quality overseas customer base. Combined with the buyer's excellent local industrial foundation and management system as the major shareholder of the future Sino-foreign joint venture, this will effectively enhance the operational efficiency of the target company and further strengthen its core competitive advantages in channel operations, customer expansion, and supply chain integration, making future performance growth promising
