Summary by Moomoo AI
Weida Group announced that the acquisition of assets with Gigaset Communications GmbH was completed on April 5, 2024. All delivery conditions for the transaction have been met, with an initial purchase price of approximately €2,750 million. At the time of delivery, €2,100 million has been paid to the seller, and the remaining amount will be paid twelve months after delivery and after certain conditions are met. The final cost of this acquisition will be adjusted based on the actual inventory amount of assets and liabilities. The completion of the acquisition marks an important milestone for the company, said in an announcement that the completion of the acquisition marks an important milestone for the company.