3 Acquisitions of Companies in Hong Kong

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Hong Kong. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 3 acquisitions that took place in Hong Kong .

Qingdao Holdings International acquired by Hedonova

Details about the transaction:

Acquisition amount:

$6,000,000

Announcement:

6 May 2022

Details about the company:

Investment property leasing is a commercial activity for Qingdao Holdings International.

Headquarter:

Admiralty, Hong Kong Island, Hong Kong

Where to find them:

Industry:

Construction, Leasing, Real Estate Investment

Details about the buyer:

Management of global alternative investments

Headquarter:

Los Angeles, California, United States

Where to find them:

TextileGenesis acquired by Lectra

Details about the transaction:

Acquisition amount:

$15,978,320

Announcement:

7 December 2022

Details about the company:

The fashion and textile sectors are the target market for the traceability platform called TextileGenesis.

Headquarter:

Sheung Wan, Hong Kong Island, Hong Kong

Where to find them:

Industry:

Fashion, Retail, Textiles

Details about the buyer:

Lectra is a company that offers consultancy and professional services to companies in many different sectors.

Headquarter:

Paris, Ile-de-France, France

Where to find them:

ICG acquired by Hong Kong Broadband Network

Details about the transaction:

Acquisition amount:

$25,487,935

Announcement:

30 May 2018

Details about the company:

ICG is a professional company with a base in Hong Kong that specializes in cloud solutions and IT consulting services.

Headquarter:

Kwai Tsing, New Territories, Hong Kong

Where to find them:

Industry:

Enterprise, Information Services, Information Technology

Details about the buyer:

A telecom firm called Hong Kong Internet Network offers business, entertainment, and broadband solutions.

Headquarter:

New Territories, New Territories, Hong Kong

Where to find them: