BOE Completes Acquisition of SES Co., Accelerating Strategic Transformation

According to the micro-network news, BOE recently announced that the company’s subordinate holding company, BOE Smart Retail Co., Ltd. SPV, has completed the acquisition of SES-imagotag shares. As of March 16, SPV has fully subscribed for a total of 3,582,500 shares. At this point, SPVs are cumulatively held. SES 79.94% tradable shares, paid a total consideration of 324 million euros, to realize consolidated financial statements for SES.

SES company's product range is rich, can support color electronic paper, segment code LCD, TFT-LCD multiple display, covers ESL multi-frequency protocol, Wi-Fi, BLE and NFC multiple communication methods. Around the electronic shelf labels, SES company integrated E-paper supply chain resources and downstream software platforms, image recognition and big data analysis resources, creating a complete solution for the retail industry.

According to BOE, the company makes use of its rich sales network and localized resources. With the help of SES's good brand value and a large number of international customer resources, based on the electronic shelf label, it establishes a user behavior analysis system, a shelf management system and other smart retail solutions. Program.

At present, while BOE is consolidating the panel business, it is actively transforming into IoT technology, product and service providers, and especially the smart system is the breakthrough point at this stage. Among them, the smart retail business focusing on 'New Retail' is committed to Solutions in the arts, general consumer and energy sectors, and building the Internet of Things platform for the retail industry. BOE believes that this is a means for companies to capitalize on the 'new retail' development opportunities at home and abroad to realize strategic transformation through the use of investment and mergers and acquisitions. An important strategic opportunity for the business.

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