📱 L. T. Elevator Acquires DYPC For Automated Parking
Published by OOPSONLINE.IN · Source: scanx.trade · 1 min read · · Updated
What actually happened
L. T. Elevator Limited has acquired a 66.45% stake in Dongyang PC, Inc. (DYPC), a South Korean automated parking systems manufacturer, for USD 2.85 per share. The acquisition provides access to proprietary SMART PARKING® technology, 12 patents, and a ₹65 crore existing order book, with management projecting ₹30 crore in revenue contributions for the remainder of FY27. The deal includes a buyback program for remaining shares held by a Saudi investor, aiming to make DYPC a wholly-owned subsidiary.
Key points
- Elevator Limited has acquired a 66.
- 45% stake in Dongyang PC, Inc.
- (DYPC), a South Korean automated parking systems manufacturer, for USD 2.
- The acquisition provides access to proprietary SMART PARKING® technology, 12 patents, and a ₹65 crore existing order book, with management projecting ₹30 crore in revenue contributions for the remainder of FY27.
Summary based on data provided by scanx.trade. Full article available at the original publisher.
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