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Luxembourg-based sensing specialist IEE today announced that its Board of Directors has agreed to a transaction in which a consortium including Chinese strategic investors and an international financial investor will acquire full ownership of IEE S.A. A definitive agreement has been signed and only remains subject to regulatory approvals.
IEE President and CEO, Hubert Jacobs van Merlen commented: “There is a clear strategic fit between the vision of our new shareholders and IEE’s strategic goals. With the new shareholders, IEE will have even better access to the Chinese market, which offers tremendous opportunities for growth. Additionally, IEE’s strong foothold in Europe will also allow us to promote and sell products from the new shareholders, effectively enlarging...
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