LDROBOT (01236) intends to acquire all equity interests in SABO-Maschinenfabrik GmbH for no more than EUR 6 million.

LDROBOT (01236) announces that on 7 October 2026 (after trading hours), the Company, the Singapore subsidiary, the seller SABO Holding GmbH, the seller's guarantor and the target company entered into an agreement. Pursuant to the agreement, and subject to the terms and conditions thereof, the Company agrees to acquire, through the Singapore subsidiary, and the seller agrees to sell, all equity interests in the target company, for a consideration of no more than EUR 6 million. The target company is a long-established and renowned German manufacturer of high-end garden equipment, and distributes its products through an extensive network of more than 1,400 specialist retailers across Europe. Upon completion of the acquisition, the Singapore subsidiary will directly hold 100% of the equity interests in the target company, and the target company will become a wholly-owned subsidiary of the Group, with its financial results, assets and liabilities consolidated into the Group's financial statements. The target company, SABO-Maschinenfabrik GmbH, is a long-established and renowned manufacturer of high-quality lawnmowers and other garden tools. With its comprehensive product portfolio, including petrol- and battery-powered lawnmowers, as well as scarifiers, leaf blowers, hedge trimmers, lawn tractors and high-grass working machinery, the target company serves both the residential and commercial markets. The target company focuses on the high-value segment, distributing its products and providing after-sales services through a large and rapidly expanding dealer network across Europe (including more than 1,400 specialist retailers). This acquisition is intended to achieve the following strategic objectives and synergies: First, to acquire a high-end European brand, distribution channels, service network and localized supply chain resources, significantly reducing the channel-building costs, time costs and service thresholds for the Company's intelligent garden Siasun Robot&Automation to enter the European market; Second, leveraging the deep integration of multimodal perception hardware, AI algorithms and spatial perception technology, as well as the accumulation of data in practical application scenarios, the Company's product portfolio has extended from core sensor and algorithm modules to vertical-scenario embodied intelligence Siasun Robot&Automation complete-machine products, having completed the iteration and mass production of three generations of intelligent lawnmower Siasun Robot&Automation products from 2024 to 2026, further validating its capability in embodied intelligence Siasun Robot&Automation complete-machine R&D and product innovation. These capabilities can empower the target company's existing product lines, driving their upgrade toward intelligence, electrification and unmanned operation, and enhancing product added value and competitiveness in the high-end market; Third, to rapidly introduce intelligent lawnmower Siasun Robot&Automation products through the target company's network of more than 1,400 specialist retailers, achieving cross-selling and channel reuse, and expanding market share in both the residential and commercial segments; Fourth, to form cost synergies and operational synergies in joint R&D, platform-based development, large-scale procurement, manufacturing resources and after-sales services, optimizing the cost structure and shortening the product launch cycle; Fifth, to build an integrated solution covering traditional high-end garden tools and intelligent garden Siasun Robot&Automation, strengthening customer full-lifecycle service capabilities and competitive barriers. In summary, this acquisition is in line with the Company's strategic plan to deepen its presence in the European market. It is an industrial M&A transaction that combines complementary advantages, operational synergies and industrial logic, and will contribute to the rapid and steady development of the Group.