AcquisitionsJul 17, 2026, 05:16 PM
MKDWELL Tech to Acquire Landvision for $240M, Diversifies into Smart-Home
AI Summary
MKDWELL Tech Inc. announced it will acquire Landvision Inc., a developer and supplier of AI-enabled smart-home and IoT products, for an aggregate consideration of US$240,000,000. The acquisition will be satisfied by issuing 30,000,000 new ordinary shares at US$8.00 per share, which will represent approximately 87.72% of MKDWELL's enlarged issued ordinary shares. This strategic move aims to diversify MKDWELL's business beyond automotive electronics into the high-growth consumer smart-home and IoT market. Completion is anticipated around August 2026, subject to customary closing conditions, and MKDWELL's CEO will remain the controlling shareholder.
Key Highlights
- MKDWELL Tech Inc. to acquire Landvision Inc. for $240,000,000.
- Consideration involves issuing 30,000,000 new ordinary shares at US$8.00 per share.
- New shares will represent approximately 87.72% of MKDWELL's enlarged ordinary shares.
- Landvision Group develops AI-enabled smart-home and IoT products, including smart locks and cooling appliances.
- Acquisition diversifies MKDWELL's business beyond automotive electronics into the high-growth smart-home sector.
- Certain selling shareholders (26,000,000 shares) agreed to a staggered lock-up over 24 months.
- Completion is expected around August 2026, subject to regulatory approvals.
- MKDWELL CEO Ming-Chia Huang will remain the controlling shareholder post-acquisition.
Price Impact