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LD Robotics plans €6 million acquisition of Germany's SABO
1 reports · 1 sources
LD Robotics announced a planned investment of no more than €6 million to acquire the German lawn mower company SABO, in order to obtain its network of more than 1,400 retailers. Of this, €1 million is equity payment and no more than €5 million is capital injection; €1.5 million is payable on the agreement date, and up to €2.75 million during the transition period, with about 75% funded from the proceeds of the global offering and 25% from the group's internal resources. SABO's 2025 revenue fell 19.3% year on year to €18.238 million, with net assets of only €723,000. LD Robotics's market value has evaporated by more than HK$12 billion within five months of listing.
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- LDROBOT plans €6 million acquisition of Germany's SABO; market value down over HK$12 billion five months after listing
LDROBOT announced plans to pay no more than €6 million to acquire the long-established German lawn mower company SABO, including €1 million for equity and no more than €5 million in capital injection, in order to gain access to its more than 1,400 retailer channels. SABO's 2025 revenue fell 19.3% year on year to €18.238 million, with net assets of only €723,000.
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