Seco agrees to buy 60% stake in Qiyang Technology for EUR 9 million

• Seco agreed to acquire 60% of Qiyang Technology for EUR 9 million, with an earn-out of up to EUR 3 million.
• The acquisition of Fannal Electronics’ remaining 45% for EUR 23 million will increase ownership to 100%.
• Fannal payments comprise three cash installments through December 31, 2027; an additional earn-out could reach EUR 500,000.
• A call option will also be exercised to acquire Simest’s 49% stake in SECO Asia for EUR 3.4 million.
• The transactions expand Asia-Pacific research capabilities and customer reach, while integrating regional hardware, manufacturing and advanced display operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seco S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 2358-57-2026_TELEBORSA.pdf), on November 02, 2026, and is solely responsible for the information contained therein.