On October 7, RoboMaster (乐动机器人) announced the acquisition of 100% of German high-end garden machinery maker SABO for up to €6 million (approx. HK$53.43 million) via its Singapore subsidiary. SABO will become a wholly-owned subsidiary and be consolidated into financial statements.
RoboMaster's strategic acquisition of SABO provides a ready-made European distribution network, positioning the company for rapid growth in the robotic mower market.
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