Hengda (300946.SZ) plans to complete the business merger and acquisition of German grinding machine company SMS through acquisition

Zhitong Finance App News, Hengda (300946.SZ) issued an announcement. The company signed an “Asset Purchase Agreement” with German grinding machine company SMS Maschinenbau GmbH (hereinafter referred to as “SMS Company”). The company plans to acquire high-precision CNC grinding machine business under SMS in cash and undertake related assets (including but not limited to inventory, technical equipment, office equipment, land, housing, trademark patents and other intangible assets related to R&D, production and sales), specific contractual rights and obligations and related personnel, with a transaction consideration of 8.5 million The euro, calculated at the median RMB exchange rate (1 euro to RMB 8.1596) announced by the People's Bank of China on May 8, 2025, is approximately RMB 69.3566 million. The source of acquisition capital is constant self-financing or self-financing, and does not involve issuing shares or supporting capital raised. The above transaction will be carried out by Blitz 25-430 GmbH (hereinafter referred to as “German SPV Company”), a wholly-owned subsidiary of Hengda registered in Germany.

SMS is an enterprise with deep technical accumulation and core technical barriers in innovative R&D and manufacturing of thread grinders, CNC technology, and thread grinder refurbishment. Its products have excellent processing accuracy, processing efficiency, and good yield, and have a good market reputation and technical recognition in the global market, especially in the European and Asian markets.

This transaction can accelerate the company's international layout. While adding overseas R&D and production bases, it can also strengthen the company's innovative capabilities in core technology and process solutions for intelligent CNC equipment through international collaboration. In particular, it can accelerate the development and industrialization of the company's rolling functional component products such as ball screw pairs and planetary roller screw pairs from a high starting point, and build a “European technology, Chinese manufacturing, and global market” business layout.