MKDWELL Tech Inc. Acquires Smart-Home and IoT Group

MKDWELL Tech Inc., an automotive electronics manufacturer based in Hsinchu, Taiwan, has announced its acquisition of Landvision Inc., a British Virgin Islands-based company specializing in smart-home and Internet-of-Things (IoT) products. This move marks a significant diversification for MKDWELL, which has primarily focused on automotive electronics.

The acquisition, which is valued at $240 million, will be executed through the issuance of 30 million new shares priced at $8.00 each. Upon completion, these shares will constitute approximately 87.72% of MKDWELL's total issued ordinary shares. The deal is expected to close around August 2026, pending customary closing conditions.

Landvision Technology Limited, the operating arm of Landvision Inc., is recognized for its AI-enabled smart-home products, including security devices like smart locks and door hardware, as well as cooling appliances and OEM/ODM solutions for major retailers. The company’s products are designed to be compatible with various ecosystems, some of which are Matter-certified for cross-brand interoperability.

MKDWELL believes this acquisition will not only broaden its technology platform but also reduce its exposure to the cyclicality of the automotive electronics market. The smart-home sector is experiencing rapid growth, driven by increased household adoption and the standardization of IoT products through the Matter protocol.

As part of the agreement, certain shareholders of Landvision have agreed to a staggered lock-up on their newly issued shares, which will be released in increments over the next two years. Additionally, MKDWELL plans to file a registration statement to help the resale of these shares.

Mr. Ming-Chia Huang, CEO of MKDWELL, stated, "The acquisition of Landvision marks a defining step in MKDWELL’s evolution from a focused automotive electronics manufacturer into a diversified intelligent-device group." He emphasized the potential for long-term value creation from this strategic move.

This acquisition aligns with MKDWELL's strategy to use its strengths in embedded control electronics and sensor integration, capitalizing on the established supply chain in Greater China. By integrating Landvision's capabilities, MKDWELL aims to enhance its profitability and growth prospects in the consumer electronics market.

The announcement was made public via GlobeNewswire, highlighting MKDWELL's commitment to expanding its footprint in the tech industry.

Have news to announce?

Get your launch, funding round, or partnership covered on GAX Online, in front of tech buyers and the AI answer engines that cite us.