China Stock.com news. On the afternoon of April 5, Greatoo announced that Greatoo will increase its stocks of German OPS to 23,600, about 21.32% of OPS’s whole stocks, and the purchasing price will no more than 10 million euros.

With 1, 5131 million euros of investment, Greatoo indirectly held 22.34% of OPS’s stocks by OPS Holding. After increasing its stocks in OPS, Greatoo will hold 66% of OPS Holding’s stocks and indirectly hold 43.6% of OPS’s stocks. OPS will become the company’s subsidiary in the consolidated statements. This purchase will strengthen the company’s overall scale of the products of industry 4.0, extend the company’s industrial chain, optimize the company’s structure of products and accelerate the company’s development of industry 4.0.
According to some financial materials, OPS’s sales revenue is 40,444,600 euros and net margin is 2,268,900 euros in the fiscal year of 2014/15; OPS’s sales revenue of the first three quarters is 36,605,300 euros and net margin is 3,075,000 euros before the fiscal year of 2015/16.

It’s said that Germany OPS is mainly engaged in researching, manufacturing and selling the complete sets of automatic equipment and relevant technologies, high-end numerical controlled electric discharge machine, high-end  vertical machining centers, with high brand value and reputation in Europe. OPS has many high-end customers, including BMW, VW, Ford, Visteon, Boer, Belrose, Siemens, Nypro, Ace Mold and Zongxin Mold.

Greatoo said that Greatoo has held the stocks of Germany OPS, which is a successful cooperation under the background of “Made in China 2025” and “Germany Industry 4.0”. This investment and integration can optimize OPS and Greatoo’s technologies of industrial automation and intelligent equipment and the superior resources of business and accelerate Greatoo’s development of industrial robots and intelligent equipment, enabling the company to transform from one-machine manufacturing, automatic manufacturing, flexible manufacturing to the intelligent manufacturing of industry 4.0.

In recent years, Greatoo has promoted the development of industry 4.0, making breakthroughs in the technologies of RV reducers, the core components, signing PCT and winning many patents for invention, patents for utility models and many proprietary intellectual property rights of robots and intelligent equipment; The company has been allowed to establish Guangdong laboratory of intelligent equipment manufacturing where the company undergoes the research and application of the advanced technologies of intelligent equipment. (Jian Pan).