March 13, 2019, Huizhou Desay SV Automotive Co., Ltd. announced the closing of
the acquisition of Antennentechnik ABB Bad Blankenburg GmbH (ATBB), an advanced
antenna technology company based in Germany. This marks ATBB's formal joining
into Desay SV as a wholly-owned subsidiary which will continue to work on
customized solutions of high-performance antenna systems.
in Weimar, Germany, ATBB is an established antenna technology company with an
experienced, dedicated and technologically advanced team. It has spearheaded
the antenna market in Europe. Desay SV will continue the investment in ATBB to
enhance its competitiveness in regional and global markets.
the Day One ceremony, Desay SV's management, including Tan Choon Lim, Chairman
of the Board, Yan Xiaoyang, Assistant to Chairman, Huang Li, General Manager of
Central Technology, and Harald Moeglich, Managing Director of Desay SV
Automotive Europe GmbH, closely communicated with ATBB's employees.
said that Desay SV commits to accelerate the ATBB further development and
growth, to maintain current employment contracts and welfare, and to create
more opportunities and values for the employees with the business growth.
SV's vision is to be the preferred partner of global automotive industry
through innovation and supplying value professionally, said Tan. With the
successful completion of the acquisition, Desay SV and ATBB will work together
to open a new chapter, creating high-quality intelligent products, promoting
the business of Intelligent and Connected Vehicles (ICVs), and tapping into the
core value for global customers and users.
and Dr. Michael Weber, ATBB's Managing Director, met with Peter Kleine, Mayor
of Weimar. With Desay SV comprehensive product lines and diverse customer
portfolio, ATBB will have the access to other new markets and segments to
explore the new opportunities, boosting the business growth, said Dr. Weber.
advanced intelligent antenna solutions of ATBB are of great significance to
Desay SV's business strategy of developing ICVs. Moreover, ATBB's existing
management system, talent team, R&D technology center, and market
competitiveness will lay the foundation for Desay SV's global layout.
Source: Desay SV
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