MKDWELL Tech Inc. to Acquire Premium Smart-Home and IoT Group, Diversifying Beyond Automotive Electronics
Rhea-AI Summary
MKDWELL Tech (Nasdaq: MKDW) signed a sale and purchase agreement to acquire 100% of Landvision Inc., a BVI holding company owning Landvision Technology in Hong Kong, a fast-growing developer of AI-enabled smart-home and IoT products. The deal will be paid entirely in newly issued MKDWELL shares.
According to MKDWELL, it will issue 30,000,000 new ordinary shares at US$8.00 each, implying consideration of US$240 million. Post-completion, these shares will represent about 87.72% of the enlarged share capital. Completion is subject to customary conditions and is expected around August 2026.
Certain selling shareholders, holding 26,000,000 new shares, agreed to a staggered lock-up over 24 months. MKDWELL will grant customary registration rights and seek to register resale of the new shares on Form F-1 within three months after completion. CEO Ming-Chia Huang and concert parties will retain majority voting control.
Positive
- US$240 million all-share acquisition preserves cash, funded via 30,000,000 new shares at US$8.00
- Diversification into smart-home and IoT products beyond cyclical automotive electronics segment
- Staggered lock-up on 26,000,000 new shares limits immediate post-closing share supply
Negative
- New shares will comprise about 87.72% of enlarged share capital, implying substantial dilution for existing holders
- Post-deal acting-in-concert arrangement will give CEO and aligned shareholders majority voting control
Market reaction after Smart-home acquisition: MKDW +5.02% in the Jul 20 session
In the Jul 20 session, MKDW gained 5.02%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 02 | Agricultural partnership | Positive | +12.1% | Non-binding cooperation letter targeted agricultural machinery automation systems. |
| Mar 02 | Nasdaq compliance | Positive | +12.1% | Company regained compliance with Nasdaq's minimum bid price requirement. |
| Jan 22 | Reverse split | Negative | -25.4% | Thirty-to-one share combination supported the company's Nasdaq compliance initiative. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior positive corporate announcements aligned with gains, while the reverse split aligned with a decline.
Key Terms
internet-of-things technical
original equipment manufacturer technical
original design manufacturer technical
form f-1 regulatory
registration rights regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hsinchu, Taiwan, July 17, 2026 (GLOBE NEWSWIRE) -- MKDWELL Tech Inc. (“MKDWELL” or the “Company”) (Nasdaq: MKDW), an automotive electronics manufacturer, today announced that it has entered into a sale and purchase agreement (the “Agreement”) to acquire the entire issued share capital of Landvision Inc. (“Landvision BVI”), a British Virgin Islands holding company that owns
Landvision HK is engaged in the design, development and supply of premium smart-home and connected-device products across three principal business lines: smart-home security products, including smart locks and smart door hardware built on self-developed connectivity platforms — certain of which are Matter-certified for cross-brand interoperability with leading ecosystems — supplied both under its own brands and to major international retailers; cooling appliances; and original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) solutions for international brand and retail customers.
MKDWELL believes the Acquisition will diversify the Company beyond its established automotive electronics business, which is subject to industry cyclicality, into the consumer smart-home and IoT market — a sector that the Company believes continues to benefit from rising household adoption, the standardization of cross-brand interoperability through the Matter protocol, and the rapid expansion of online retail channels. The Company further believes the two businesses share complementary strengths in embedded control electronics, sensor integration, and ODM/OEM manufacturing supported by an established Greater China supply chain, and that the combination will enhance the scale, profitability and growth profile of the enlarged group.
Under the terms of the Agreement, the Company will issue an aggregate of 30,000,000 new ordinary shares at an issue price of US
Following completion, by virtue of an acting-in-concert arrangement between Mr. Ming-Chia Huang, the Company’s Chief Executive Officer and controlling shareholder, and certain of the selling shareholders, Mr. Huang, together with the parties acting in concert with him, will control a majority of the Company’s voting rights and will remain the controlling shareholder of the Company. Completion of the Acquisition is subject to the satisfaction of customary closing conditions and is expected to occur on or around August, 2026.
Mr. Ming-Chia Huang, Chief Executive Officer of MKDWELL, said: “ The acquisition of Landvision marks a defining step in MKDWELL’s evolution from a focused automotive electronics manufacturer into a diversified intelligent-device group. Landvision’s premium smart-home and IoT portfolio, its Matter-certified product platform and its rapidly scaling retail and e-commerce channels are a natural extension of our embedded-electronics and sensor expertise, and we are confident this combination will create meaningful, long-term value for our shareholders.”
About MKDWELL Tech Inc.
Through our operating subsidiaries, we are a manufacturer and supplier of automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Our business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. Our main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and we provide customers with ODM and OEM customized services. We design, manufacture and supply our products to our customers through our design center located in Hsinchu Science Park, Taiwan and our manufacturing plant in Jiaxing Science and Technology City, Jiaxing City, Zhejiang Province, China. Our customers are mainly based in Mainland China and Taiwan.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as MKDWELL Tech Inc.’s strategic and operational plans, contain forward-looking statements. MKDWELL Tech Inc. may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MKDWELL Tech Inc.’s beliefs and expectations, such as expectations with regard to revenue, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to complete and integrate the acquisition described herein and to realize its anticipated benefits; fluctuations in the Company’s quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company. Further information regarding these and other risks is included in the Company’s filings with the SEC. The Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
MKDWELL Tech Inc.
Email: ir@mkdwell.com
