Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Venerated Literary Translator Xu Yuanchong Dies at Age 100
Apple Touch-Screen Supplier Biel Crystal Plans Second Bite at Hong Kong Listing
Stop Annoying China With Spam Texts, E-Commerce Giants Told
Baidu Partners With Automaker BAIC on New Apollo Robotaxi
Trending in China: Wanda Tycoon’s Son Accused of Harassing a Woman for Four Years
Used Gadget Specialist Aihuishou Aims for $261 Million IPO
Retail Giant Suning’s Founder Has Shares Frozen Amid Cash Crunch
ByteDance Seeks to Monetize Its Recommendation Tech With Launch of Volcano Engine
Alibaba Developing Self-Driving Trucks With Logistics Arm Cainiao
Chinese LGBTQ Dating App Owner BlueCity Derives 80% of First-Quarter Revenue From Livestreaming
Huawei Opens Cybersecurity Center in South China to Share Best Practices
Hanson Robotics Launches Social Robot Prototype for Health Care
Geek+ Wins Contract from Hong Kong's Circle K to Deploy Depot Robots
Two Tesla Models Among China's Three Best-Selling Electric Cars in May
Xiaomi, Meituan Co-Lead New Funding Round for Lidar Developer Hesai
Dating Apps Operator Momo Reports Revenue and Profit Down as Paying Users Shrink
CATL and BYD in Talks with Apple for EV Battery Supply
Trending in China: Beijinger’s Tirade Against ‘Stinky’ Migrant Sparks Condemnation
Delivery Platform Dada Losses Swell Despite Healthy Revenue Growth
Xiaomi, Vivo and Oppo Sold One-Third of the World’s Smartphones in First Quarter
China’s Tztek to Acquire German Firm to Enter Semiconductor Testing Market

By Ding Yi / Jun 23, 2020 05:29 PM / World

Photo: VCG

Photo: VCG

Tztek Technology, a Chinese smart industrial equipment maker, has agreed to buy German semiconductor wafer test equipment supplier MueTec Automated Microscopy and Messtechnik GmbH for 18.2 million euros ($20.5 million), according to a filing to the Shanghai Stock Exchange Monday.

Suzhou-based Tztek will buy a 92% stake from German-listed investment firm Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG and a 8% stake from individual investor Ralph Detert through its wholly owned subsidiary SLSS Europe GmbH, the filing said.

Tztek has also agreed to repay MueTec’s 2 million euro debt as part of the acquisition agreement, which is awaiting government approval from China and Germany.

Tztek said that the acquisition will help it enter the semiconductor testing equipment market with fewer uncertainties as the Chinese company seeks new growth drivers.

Going public on Shanghai’s Nasdaq-style high-tech STAR Market last year, Tztek produces intelligent manufacturing systems, precision measuring instruments and intelligent testing equipment.

Contact reporter Ding Yi (

Related: Chinese Chipmaker SMIC Eyes $2.8 Billion From Shanghai Listing

Share this article
Open WeChat and scan the QR code