Summary by Futu AI
Rysone Technology Holdings Limited (“Rysone Technologies”) completed the first batch acquisition of Acoustics Solutions International B.V., on February 9, 2024, making the company an indirect subsidiary of Acoustics Technologies with an 80% interest. The acquisition is a strategic move by Rysone Technologies to accelerate the diversified development of the automotive industry and enhance its portfolio of audio solutions. Upon completion of the first batch, the financial results of the target company will be integrated into the results of SwissonTech. The completion of the second batch of acquisitions is expected to be completed in or before mid-2025, and if delayed, it could occur in 2026 or mid-2027. The acquisition will strengthen its position in the mobile market and provide a broad range of innovative systems solutions, according to Rysone Technologies.