Finance Associated Press, December 19 (Reporter Wang Bin).Greatstar Technology (002444.)SZ) continues to acquire overseas assets and takes its brand expansion to the next level. Late today, Greatstar Technology announced that the third meeting of the sixth board of directors of the company deliberated and passed the "Proposal on the Acquisition of Tesa Group Assets".
According to the announcement, Greatstar Technology intends to purchase all the assets of the tesa group held by Hexagon Smart Solutions AB (hereinafter referred to as "Hexagon") by paying cash, including 100% equity of Tesla Precision Measurement Instruments SAR (hereinafter referred to as "Tesla SARL") and its related assets of Chinese, American and French companies, transaction** for no more than 40 million euros. According to Greatstar Technology, the pricing of the transaction is the result of reference market pricing and friendly negotiation between the two parties.
Greatstar Technology said that the acquisition aims to lay out the necessary high-precision measurement tools for the processing of robot parts, improve the company's existing product line, and expand the customers of industrial-grade products. In the future, the company will use its own perfect domestic R&D system and tesa Swiss engineering team to jointly develop more high-precision measurement tools suitable for the tesa brand and Chinese customers, and will use the company's existing sales channels to bring tesa products to more countries and regions.
The Associated Press reporter noted that TESA SARL was established on July 28, 2023 and is 100% owned by Hexagon. In the announcement, Greatstar Technology emphasized that after inquiry, TESA SARL is a special company established by Hexagon for this transaction and is not a judgment defaulter. tesa sarl's articles of association or other documents do not contain provisions other than those of laws and regulations that restrict the rights of shareholders. At the same time, Greatstar Technology reminds that the transaction still needs to be filed by domestic and overseas competent authorities, and there is a certain degree of uncertainty.
According to public information, the tesa brand was founded in Switzerland in 1941, has been focusing on the development and manufacturing of high-precision measuring tools, and is currently the world's top two manufacturers of high-precision measuring tools, the main products include altimeters, inductive microsystems, high-precision vernier calipers, etc.
It is reported that tesa has established in-depth and extensive cooperation with major global distributors of industrial-grade products, such as Hoffmann in Germany, HAHN+KOL in Germany, MSC in the United States, and Gunjie in the United States, and has built a complete technology and patent protection system. With the digital age and Industry 4With the arrival of 0, tesa products are gradually embedded with a complete Bluetooth data transmission and connection system, and fully enter the era of intelligent tools.
Originally focused on hand tools, Greatstar Technology has gradually expanded its products such as laser measuring tools, industrial storage cabinets and power tools. The reporter of the Financial Associated Press found that since its listing in 2010, Superstar Technology has successively launched acquisitions of more than 10 companies around the world, costing more than 4 billion yuan.
Previously, Greatstar Technology said on the investor interactive platform that the acquisition and integration of high-quality companies in the industry is one of the long-term strategies that the company has always adhered to, and if there is a suitable acquisition target, the company will seriously consider it. In the view of Qiu Jianping, chairman of Greatstar Technology, overseas mergers and acquisitions are the real starting point for the development of Greatstar Technology.
Relying on overseas mergers and acquisitions again and again, Greatstar Technology has become the largest hand tool company in Asia and the third in the world. Historically, after frequent acquisitions, the company's performance has increased significantly in the short term. At the same time, the huge goodwill generated by the acquisition of Superstar Technology is also worrying.
Financial data shows that in the first three quarters of 2023, Superstar Technology achieved revenue of 86100 million yuan, a year-on-year decrease of 1245%；The net profit attributable to the parent company was 150.6 billion yuan, a year-on-year increase of 1924%。As of the end of the third quarter, the company's goodwill reached 250.2 billion yuan.