HUHUTECH acquires German subsidiary to expand into European market

WUXI, China - HUHUTECH International Group Inc. (NASDAQ:HUHU), a technology company with a market capitalization of $104 million and annual revenue of $18.15 million, has acquired Huhu Technologies Deutschland GmbH for €25,000 (approximately $28,930), the company announced Thursday based on a press release statement. According to InvestingPro data, the company has shown revenue growth of 8.47% over the last twelve months.

The acquisition, completed on May 7, follows a share purchase agreement signed on March 7 with Mr. Zhi Zhang, who was the sole shareholder of the German entity. The newly acquired subsidiary will now operate as HUHUTECH’s wholly owned unit in Germany.

According to the company, Huhu Deutschland had no actual operations prior to the acquisition. The German subsidiary will focus on developing high-purity gas and chemical production systems for the semiconductor industry in Germany, offering system design, installation, commissioning, and after-sales support. InvestingPro analysis indicates the company currently operates with moderate debt levels and maintains a current ratio of 1.1, suggesting adequate liquidity for operational expansion.

"We are excited to establish our presence in Germany, a strategic part of our globalization journey," said Yujun Xiao, Chief Executive Officer of HUHUTECH. "Germany represents a strategic market opportunity for HUHUTECH."

HUHUTECH, which provides factory facility management and monitoring systems, designs and delivers customized high-purity gas and chemical production systems and equipment through its subsidiaries in China, Japan, the United States, and now Germany.

The company’s main products include high-purity process systems and factory management control systems that use standardized module software to increase operational efficiency.

The acquisition is part of HUHUTECH’s global growth strategy to establish its presence in the European semiconductor industry market.

In other recent news, HUHUTECH International Group Inc. has announced its expansion into the U.S. market with the establishment of a wholly owned subsidiary in Arizona, named Aspirational Technology Co. This move marks HUHUTECH’s entry into the United States as part of its global expansion strategy. The new subsidiary, formed on January 30, 2025, will focus on providing high-purity gas and chemical production systems tailored for the American semiconductor industry. Aspirational Technology will offer localized services that cover the entire lifecycle of high-purity systems, including design, installation, commissioning, and after-sales support. According to the company’s CEO, Yujun Xiao, this strategic expansion aims to tap into the U.S.’s dynamic semiconductor industry. HUHUTECH specializes in factory facility management and monitoring systems and offers a range of products, including high-purity process systems and factory management control systems. The company serves clients across various sectors, including the semiconductor, pharmaceutical, and food and beverage industries. This development is based on a recent company press release.

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