Greatoo announced at 5 p.m. that Greatoo will increase its stocks of OPS-INGERSOLL (OPS company) to 23,600 by holding the stocks of OPS Holding, about 21.32% of OPS’s whole stocks. The purchasing price is no more than 10 million euros. From December 2011 to March 2012, Greatoo indirectly held 22.34% of OPS’s stocks by OPS Holding. After increasing its stocks in OPS, Greatoo will indirectly hold 43.6% of OPS’s stocks.

(Shanghai Securities News.com) 

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Greatoo indirectly holds the stocks of German OPS by the increasing investment of 10 million euros

Greatoo announced at 5 p.m. that Greatoo will increase its stocks of OPS-INGERSOLL (OPS company) to 23,600 by holding the stocks of OPS Holding, about 21.32% of OPS’s whole stocks. The purchasing price is no more than 10 million euros. From December 2011 to March 2012, Greatoo indirectly held 22.34% of OPS’s stocks by OPS Holding. After increasing its stocks in OPS, Greatoo will indirectly hold 43.6% of OPS’s stocks.

It’s said that OPS is mainly engaged in researching, manufacturing and selling the complete sets of automatic equipment and relevant technologies, high-end numerical controlled electric discharge machine, high-end  vertical machining centers, with high brand value and reputation in Europe. OPS has many high-end customers, including BMW, VW, Ford, Visteon, Boer, Belrose, Siemens, Nypro, Ace Mold and Zongxin Mold. According to some financial materials, OPS’s sales revenue is 40,444,600 euros and net margin is 2,268,900 euros in the fiscal year of 2014/15; OPS’s sales revenue of the first three quarters is 36,605,300 euros and net margin is 3,075,000 euros before the fiscal year of 2015/16.

Greatoo said in the interview by the reporters of Shanghai Securities News that after years’ arrangement, Greatoo has held the stocks of Germany’s famous industry 4.0 company, which is a successful cooperation under the background of “Made in China 2025” and “Germany Industry 4.0”. This investment and integration can optimize OPS and Greatoo’s technologies of industrial automation and intelligent equipment and the superior resources of business and accelerate Greatoo’s development of industrial robots and intelligent equipment, enabling the company to transform from one-machine manufacturing, automatic manufacturing, flexible manufacturing to the intelligent manufacturing of industry 4.0.

The company used the call option in this purchase. Early in 2011 when the company bought the stocks of OPS for the first time, the two sides agreed that from March 1, 2016, OPS Holding has the right to use the first call option. After negotiation, OPS agreed that Greatoo’s subsidiary has the right to indirectly buy the stocks of OPS. Greatoo said that since the investment in OPS in 2011, Greatoo has substantially improved its performance and increased its profitability. After the purchase, OPS will become the company’s subsidiary in the consolidated statements. In these two years, OPS annual sales revenue is about 40 million euros and its net margin is about 2 to 3 million euros, while Greatoo’s revenue is nearly 1 billion yuan and its net margin is 130 million yuan in 2015. Greatoo expressed that the company will increase its revenue and profits in intelligent manufacturing.

In recent years, Greatoo has promoted the development of industry 4.0, making breakthroughs in the technologies of RV reducers, the core components, signing PCT and winning many patents for invention, patents for utility models and many proprietary intellectual property rights of robots and intelligent equipment. A few days ago, when many organizations like Efunds inspected Greatoo said that the company has produced a series of products of light-weight and heavy-weight robots and relevant complement sets of equipment which are of different sizes and can perform different work. In addition to tire industries and 3C industries, these products and equipment can also be applied in auto part industries. The company has already produced an automatic production line of car beams for Minth Group, an international auto parts manufacturer.

(Editor in charge:DF155)