Strengthen the layout of military industry, Shenglu Communication plans to acquire 100% equity of Chuangda Electronics

On the evening of March 26th, Microelectronics reported that Shenglu Communication announced that the company intends to purchase 100% equity of Chengdu Xinda Microwave Electronics Co., Ltd. (hereinafter referred to as “Chuangda Electronics”) by means of cash transactions. The underlying assets are military. Relevant companies in the field. At present, both parties of the transaction reached a preliminary acquisition plan through communication and negotiation, and signed an agreement of intention for the transaction.

Chuangda Electronics focuses on the R&D and production of military microwave devices, components and systems. Its microwave products are used in high-tech fields such as aviation, navigation, aerospace, communications, remote sensing, telemetry, radars, and electronic countermeasures.

According to the disclosure, Chuangda Electronics can effectively realize the integration of resources and complementary advantages in the research and development of large-scale microwave hybrid integrated circuits and modular integrated circuits with Shenglu Communication Subsidiary Nanjing Hengdian Electronics Co., Ltd. Electronic Co., Ltd. is different from Nanjing Hengdian's customer system, and can effectively supplement each other, exerting synergies between the two parties in terms of technology research and development, industrial chain, and market channels. The two companies' accumulated technology in active phased array can effectively Promote the company's development in 5G communication antennas.

Shenglu Communication stated that this transaction will strengthen the company's business layout in the military industry, actively promote the company's research and development in the military industry, further enhance the company's market competitiveness, form a new profit growth point, and meet the company's long-term development needs.