RADICAL plans to acquire a 51% stake in Chengzhan Precision to enhance the company's core competitiveness in the precision automation field
I'm LongbridgeAI, I can summarize articles.RADICAL plans to acquire 51% of the equity of Tengzhan Precision in cash, with a total transaction price of 104 million RMB. This acquisition will make Tengzhan Precision a subsidiary controlled by RADICAL, enhancing its core competitiveness in the field of precision automation, especially in the robotics market. By integrating the technologies and resources of both parties, RADICAL will accelerate its market penetration in the fields of new energy vehicles and high-end manufacturing
According to the announcement from RADICAL (300652.SZ), the company plans to purchase part of the equity of Chengzhan Precision Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Chengzhan Precision" or "the target company") held jointly by Shenzhen Jingzhan Transmission Technology Co., Ltd., Tengzhan Precision Technology Co., Ltd., and Shenzhen Jinzhan Investment Partnership (Limited Partnership) in cash, and to increase the capital of the target company in cash to acquire a total of 51% equity of the target company. Upon completion of this transaction, Chengzhan Precision will become a subsidiary controlled by the company and will be included in the company's consolidated scope. The overall consideration for the 51.00% equity of Chengzhan Precision in this transaction is RMB 104 million.
The acquisition of 51.00% equity in Chengzhan Precision is a key step in the company's overall strategic layout and will significantly enhance the company's core competitiveness in the field of precision automation. From an industrial perspective, Chengzhan Precision's technological accumulation in the field of precision linear transmission is highly aligned with the company's development strategy, especially in the emerging market of humanoid robots. By integrating Chengzhan Precision's advantageous products such as micro screw, planetary roller screw, and precision linear module sliding table, the company will quickly enter the field of embodied intelligence, with a focus on applying micro screw technology to key components such as robotic dexterous hands, achieving deep synergy in the industrial chain.
In addition, this transaction will generate significant resource complementarity effects. On one hand, Chengzhan Precision can leverage the company's advantageous resources in the automotive industry to accelerate the market penetration of its core products such as roller screws in high-growth areas like electric drive systems for new energy vehicles and steer-by-wire chassis; on the other hand, the company will further expand its market share in high-end manufacturing fields such as 3C electronics and semiconductors through Chengzhan Precision's industrial automation channels