The transaction will be settled through the issuance of 30 million new ordinary shares at $8 each. Once the deal concludes, these shares will account for approximately 87.72% of MKDWELL’s enlarged issued capital. Landvision currently maintains a footprint across three distinct sectors: smart-home security systems, cooling appliances, and original equipment manufacturing services.
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MKDWELL to Acquire Landvision in $240 Million Smart-Home Push
Automotive electronics manufacturer MKDWELL has reached an agreement to acquire the parent company of Landvision Technology for $240 million, signaling a strategic shift toward artificial intelligence and the Internet of Things. The move marks a significant evolution for the firm as it pivots into a diversified intelligent-device group.
Chief Executive Officer Ming-Chia Huang stated that the integration is central to the company’s transition toward broader technology markets. Following the expected August closing, an acting-in-concert arrangement will ensure that Huang and his partners retain a majority of the company's voting rights, effectively maintaining their position as the controlling shareholders.
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