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المشهد العربي
Chinese InnovaSense seeks European acquisitions
The Chinese company "Shenzhen Innovation Technology" is studying acquisitions in European markets to compete with major companies such as German "Siemens" and "Robert Bosch." The company, which achieved revenue growth of over 22% last year and is preparing for a secondary listing on the Hong Kong Stock Exchange alongside the Shenzhen Stock Exchange, aims to fund its international expansion by raising approximately two billion dollars. Currently, the company possesses the financial capacity to capitalize on European investment opportunities and is seeking to strengthen its presence in the industrial automation sector, despite challenges related to data protection regulations in the European market.
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