IT Home reported on June 7 that Jiahe Intelligent issued an announcement yesterday, announcing that the company's wholly-owned subsidiary "Jiahe International" intends to pay the consideration in cash to acquire all shares of beyerdynamic GmbH & Co. KG and shareholder loans held by the seller. The preliminary price is 122 million euros (IT Home Note: the current exchange rate is approximately RMB 1 billion), and the final acquisition price will be determined based on the data in the financial statements on the final delivery date.
As of the date of the announcement, Jiahe Intelligent is hiring an intermediary agency to carry out audit and evaluation of the target company, and promote the relevant approval and filing procedures for overseas investment.
Public information shows that Baiyadynamic is a German audio equipment brand founded in 1924 and enjoys a high reputation in the global professional headphone market. Jiahe Intelligent plans to use Baiya Dynamics to expand the European and American markets, improve its global layout, and improve its risk resistance.
Jiahe Intelligent Board stated that through this transaction, the company can quickly improve its market competitiveness in the high-end audio field, expand its own brand business revenue, expand its product categories, enhance its technical strength, accelerate global layout and market expansion, and further enhance its overall profitability.
