Sleep Retailer
  • News
    • Industry
    • Sleep Shopper
    • Mattress
    • Accessories
    • Marketing
    • Materials
  • Magazine
    • Current Issue
    • Archive
  • Newsletters
    • eNews
    • Snooze News
  • Shop
  • Subscribe
  • About
  • Search
  • Menu Menu
Industry

Jiecang Acquires Logicdata

Logicdata Electronic & Software Entwicklungs GmbH, a supplier of premium control units and drive systems for electronic height-adjustable furniture and Zhejiang Jiecang Linear Motion Technology Co Ltd, a  Shanghai based supplier of linear motion components for office and home furniture, signed a definitive agreement under which Jiecang will acquire 100% of the shares of Logicdata—subject to pending regulatory approvals which are expected to conclude within the next 3-6 weeks.

Merger Creates One-Stop-Shop For Linear Motion Components

Two people shaking hands on business event.This merger will create a leading worldwide one-stop-shop linear motion components and systems supplier with about 2,500 employees worldwide and $350 million in annual revenues. By synergistically combining innovation power, cost efficient manufacturing, a strong global presence and customer focus with solid profitability and financial strength, the group expects to accelerate innovation and profitable growth in the coming years. Logicdata with currently about 270 employees worldwide, will continue to operate and grow as a separate company, retaining its name/strong premium innovative brand, product portfolio and long-lasting customer relations while increasingly using manufacturing and sourcing synergies within the Jiecang group. As a part of the transaction Jiecang will invest 20 M€ ($24.3M) into Logicdata´s product innovation and future growth.

Mr. Renchang Hu, founder and chairman of Jiecang states; “With the acquisition of Logicdata we are adding an outstanding team, great innovation power, a valuable long-standing customer base in Europe and the US and a high-performance premium product portfolio. I would like to warmly welcome the entire Logicdata team as well as all Logicdata customers to our group and I´m looking forward to a great joint future of prosperous growth with a strong focus on fulfilling our client’s needs in a fast expanding industry.”

Walter Koch, founder, majority owner and CEO of Logicdata states; “We are happy that through this synergetic merger with a highly industrialized and financially strong partner we will be able to accelerate our innovative, customer centric growth path. Based on the combined competencies of both Jiecang and Logicdata, I´m looking forward to serving our global customer base even better with innovative and cost competitive products in the coming years.”

Visit logicdata.com

June 14, 2021/Industry
Tags: LOGICDATA
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
/wp-content/uploads/2021/09/Sleep-Retailer-Logo.jpg 0 0 sleep /wp-content/uploads/2021/09/Sleep-Retailer-Logo.jpg sleep2021-06-14 11:04:052021-06-14 11:04:05Jiecang Acquires Logicdata
You might also like
LOGICDATA Releases New Cosmo Line Of Customized Adjustable Bed Frames
Business New Hire Logicdata Adds Michael Nermon To Business Development Team
business growth success process concept.Wood block stacking as step stair with arrow up Some Bedding Brands Are Seeing Sales Growth During The Pandemic

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

Sleep Retailer is published quarterly by Blue House Sales Group, LLC and is mailed to more than 16,800 mattress and home furnishings retailers nationwide.

The views expressed by the editorial staff of this publication are their own, and do not necessarily represent the views of the advertisers or their agents. Sleep Retailer is an independent trade publication. Sleep Retailer neither takes sides nor declares a preference for any one manufacturer, supplier, technology, process or solution. Instead, we try to provide neutral information concerning mattresses and related products. Advertising space is available. Press releases or information about your company should be submitted to our editorial team for inclusion as space allows: Sleep Retailer c/o Blue House Sales Group, LLC based at WeWork, 1835 7th St. NW, #210, Washington, DC 20001.

Sleep Retailer is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

Sleep Retailer © 2023. All rights reserved.

Katapult Merges With FinServShot of two businessmen shaking hands in an officeSoutherland Opens Nashville Plant
Scroll to top