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TAIPEI - Taiwanese electronics system integrator SINBON Electronics Co., Ltd. (market cap: $120.6M), currently trading near its 52-week high with a healthy 4.46% dividend yield, has acquired a minority stake in Berlin-based climate tech company Swobbee, according to a press release issued Tuesday. According to InvestingPro analysis, SINBON appears undervalued based on its Fair Value estimates.
The investment builds upon an existing partnership formed through international standardization activities focused on charging infrastructure solutions. Both companies have been collaborating to promote technologies aimed at reducing greenhouse gas emissions. SINBON brings strong financial fundamentals to this partnership, with a solid current ratio of 2.7 and an attractive P/E ratio of 8.7.
Through this strategic investment, Swobbee will gain access to SINBON’s global manufacturing capabilities, which the companies say will reshape Swobbee’s international deployment strategy. Meanwhile, SINBON will expand its service offerings in the e-mobility sector.
The partnership will focus on developing battery swapping infrastructure solutions for urban last-mile transportation. Both companies plan to continue participating in standardization efforts to promote swappable batteries as part of sustainable mobility solutions.
"Together, SINBON and Swobbee aim to bring knowledge, expertise, and creativity to urban last-mile transportation through a portfolio of innovative and safe battery swapping infrastructure solutions," the companies stated in the announcement.
SINBON Electronics, established in 1989 in Taiwan, provides integrated design and production services for interconnect solutions. The company operates facilities across Taiwan, China, Japan, the United Kingdom, Germany, Hungary, Mexico, and the United States.
The financial terms of the investment were not disclosed in the press release statement.
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