SK Group has put $250m into electronics materials supplier Shenzhen Londian Electrics and will collaborate with the company through a joint venture.
Diversified conglomerate SK Group closed a $250m investment in Shenzhen Londian Electrics, a China-based developer of electric equipment such as energy meters, yesterday.
Founded in 1996, Londian produces a wide range of power equipment products, from smart meters and distribution network automation technology to 5G communications power supply and solar photovoltaic equipment to lithium battery components and energy storage technology.
The investment will form the basis of a joint venture between the two companies, as Londian looks to become the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
