Joyson Electronics Acquires German IMA Continues to Develop Industrial Robots

Ningbo Junsheng Electronics Co., Ltd. issued an announcement on June 19 stating that the Group’s subsidiary, German Preh Holdings Co., Ltd. (hereinafter referred to as “Germany Preh” and “Preh”), had a total of 11.3 million euros (approximately RMB 11,926.20 million). (Yuan) Purchased 100% equity and related intellectual property rights of IMA Automation Amberg GmbH (hereinafter referred to as "IMA") held by Feintool International Holding AG (hereinafter referred to as "Feintool"). It is reported that on June 17, 2014, the second meeting of the eighth board of directors of Winson Electronics considered and approved the acquisition.

According to the report, IMA was established in 1975 and is headquartered in Amberg, Bavaria, Germany. Since its inception, IMA has focused on R&D, manufacturing and integration of industrial robots , providing customers with customized industrial robot systems and automation products. And consulting services. IMA has about 240 employees and can provide customers with global support services. Through nearly 40 years of development, IMA has been a global leader in the market segment. Customers include first-tier multinational corporations in the fields of automotive, electronics, medical care and fast moving consumer goods.

IMA's major customers include world-class companies such as Continental, BorgWarner, Tyco, Procter & Gamble, Graceheim, Roche Pharmaceuticals, and Braun Electric. These companies have high market positions in their respective fields. Stable and high-quality customer resources effectively promote the development of IMA's business. As of December 31, 2013, IMA's book assets totaled 18.95 million euros. In 2013, IMA achieved sales of 33.98 million euros and net profit of 1.34 million euros. It is expected that IMA's operating revenue in 2014 and 2015 will reach 37.8 million euros and 38.2 million euros, respectively, and the gross profit margin will be more than 30%.

In June 2013, Junsheng Electronics made it clear that it will develop the industrial robots project based on Puri's innovative automated production line, making it a global leader in technology and market segmentation. This acquisition is precisely the above-mentioned sustainable development strategy. The key steps for implementation. IMA and German Preh company are global leaders in the field of industrial robotics and automation subdivisions. They focus on product lines, markets and customers. IMA provides companies in the automotive, electronics, consumer and medical sectors with more differentiated products. And Services; Pratt provides industrial robots and automation products and services to companies in the automotive, electronics and industrial products sectors.

Therefore, through the acquisition and integration of IMA, Junsheng Electronics further promotes the company to improve the industrial chain and product layout from a strategic perspective, realize complementary advantages, share resources, create synergies, increase economic efficiency, and consolidate and expand the company's technological advantages and industries. Status and scale, enhance market competitiveness, expand market share, continue to maintain a global leading position in the field of industrial robots.

After this transaction, Puri will hold 100% equity of IMA Company. According to the relevant requirements of the Accounting Standards for Business Enterprises, IMA Company will be included in the consolidated statement of the listed company, which will bring positive effect on the financial status and operating results of the listed company. Impact.

Junsheng Electronics also stated that in the future, it will increase the R&D and market expansion of industrial robotics projects in China and continue to introduce the advanced technologies of Puri and IMA's industrial robots into China to form the core competitiveness and enable the company’s robotic products to serve. At the same time as our overseas customers, we serve the domestic production and manufacturing companies and contribute to the upgrading of China's manufacturing industry.

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