ZKTECO plans to acquire 55% equity in Longzhiyuan to expand the company's smart living business into the outdoor sector
I'm LongbridgeAI, I can summarize articles.ZKTECO plans to acquire 55% equity in Shenzhen Longzhiyuan Technology Co., Ltd. to expand its smart living business and extend into the smart outdoor sector. This acquisition will enhance ZKTECO's market competitiveness in products such as outdoor cameras and, by leveraging Longzhiyuan's technological advantages, achieve complementary technological resources for both parties
According to the Zhitong Finance APP, ZKTECO (301330.SZ) announced that on May 12, 2025, the company signed a "Letter of Intent for Acquisition" with Yu Mengchu, Li Weihua, Cheng Tian Limited, Long Dingxing, Long Juxin, Long Hexin, Long Yixin, Wo Longhui, Li Weixiong, and the target company. The company intends to acquire a total of 55% equity in Shenzhen Longzhiyuan Technology Co., Ltd. ("Longzhiyuan") held by Yu Mengchu, Li Weihua, Cheng Tian Limited, Long Dingxing, Long Juxin, Long Hexin, Long Yixin, Wo Longhui, and Li Weixiong in cash, thereby obtaining controlling interest in Longzhiyuan.
The announcement stated that "NGTeco," one of the company's four major brands, focuses on smart living, while Longzhiyuan's core product is outdoor cameras for outdoor tracking scenarios. Through this acquisition, on the product level, the company can expand its smart living business into intelligent outdoor scenarios, enriching its product array in intelligent outdoor settings; on the technology level, Longzhiyuan possesses industrial-grade smart hardware R&D design capabilities for outdoor scenarios and has accumulated rich technical reserves under special conditions such as no network, no electricity, and low power consumption. Combined with the company's AI and cloud platform development capabilities, this can achieve complementary and mutual empowerment of both parties' technical resources, providing more competitive smart outdoor product solutions