Guardforce AI Announces Closing of Previously Announced Acquisition of Beijing Wanjia Security System Co., Ltd
2022年6月24日 - 8:00PM
Guardforce AI Co., Limited (“Guardforce AI” or the
“Company”) (NASDAQ:GFAI,GFAIW), an integrated security
solutions provider, announced today that it has acquired Beijing
Wanjia Security System Co., Ltd. (“BJWJ”) from Shenzhen Yeantec
Co., Limited ("Yeantec") for approximately US $8.4 million. BJWJ is
an integrated alarm security solution provider with more than 25
years of experience and a well-established customer base among
retail businesses. The acquisition was paid for in a combination of
cash (10%) and restricted ordinary shares of the Company (90%) at
the previously agreed price of U.S. $2.00 per share.
As previously announced, on May 24, 2022,
Guardforce AI entered into two definitive agreements to acquire a
total of eight companies in China. The second definitive agreement,
to acquire an additional seven companies from Shenzhen Kewei Robot
Technology Co., Limited (“Kewei”), is still expected to close in
the third quarter of 2022. The seven companies to be acquired from
Kewei are established providers of Robotics-as-a-Service (RaaS)
solutions in their respective markets in China.
Terence Yap, Chairman of Guardforce AI, noted,
“The acquisition of a well-established integrated security solution
provider in Beijing is truly transformative for Guardforce AI as it
not only strengthens our foothold in Asia, but also expands our
integrated security capabilities. Importantly, this acquisition
brings to Guardforce AI an established customer base among retail
businesses in different industries. Our global expansion strategy
not only includes expanding geographically, but also building a
more diverse customer base. We look forward to leveraging these
newly acquired capabilities across our global platform and
accelerating the commercial rollout of our integrated security
initiatives. Additionally, we look forward to closing the
acquisition of Kewei’s seven robotics companies in the third
quarter of 2022.”
About Guardforce AI Co.,
Ltd.
Guardforce AI Co., Ltd. (NASDAQ:GFAI,GFAIW) is a
global integrated security solutions provider that is focused on
developing robotic solutions and information security services that
complement its well-established secured logistics business. With
more than 40 years of professional experience, Guardforce AI is a
trusted brand name that protects and transports high-value assets
belonging to public and private sector organizations. Guardforce AI
develops and provides innovative technologies and services that
enhance safety and protection. For more information, visit
www.guardforceai.com.
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not relate to historical facts but are "forward-looking statements"
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Actual results and financial condition may differ materially from
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Investor Relations: David Waldman or Natalya
RudmanCrescendo Communications, LLCEmail: gfai@crescendo-ir.comTel:
212-671-1020
Guardforce AI Corporate CommunicationsYu
HuEmail: yu.hu@guardforceai.com
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