Singapore based Astrata Group Pte. Ltd. announced today that an affiliate has bought the Chinese company Yamei Electronics Technology Company (Changchun) Ltd. from Trimble (NASDAQ: TRMB). This is Astrata’s second acquisition of a subsidiary of a major listed company this year, having acquired Qualcomm Enterprises Services Europe (Omnitracs Europe) from Qualcomm Inc. in January.
Yamei is China’s leading producer of advanced smart keys for vehicle dealerships throughout China. The company’s technology and products span a range of intelligent electronics and systems for the automotive and commercial vehicle sectors, including Next Generation Keys, Vehicle Remote Diagnostics and Management and Control Systems. Astrata intends to manage and grow Yamei as part of its global transportation technology business.
George M. Kappaz, Chairman of Astrata Group said “Yamei’s top-end smart key and vehicle electronics business is highly complementary to our core location-based IT solutions. We are excited about the synergies with Yamei, and consider the Yamei business a compelling addition to our global product offering and a significant component of our China strategy. We expect to use this platform to significantly grow our business in China.”
Mr. DongBin, General Manager of Yamei, said, “All of us at Yamei are very pleased to be part of the global Astrata Group, and look forward to enhancing and broadening our product offerings as a result of now being in the Astrata family. We will make our sales, customer service, engineering, and manufacturing skills available to support all of Astrata’s products and services in China, and beyond.”
Astrata Group Pte. Ltd. (www.astratagroup.com and www.astrata.eu) is a Singapore based global leader in Advanced Location Based IT Solutions. With a reputation for sophisticated, high-end deployments, Astrata serves enterprises and governments for the provision of their mission critical fleet management, location data processing, safety and security systems. Astrata’s solutions are based around a full range of proprietary hardware along with its best-in-class GLS™ and Fleetvisor™ software. Astrata’s turnkey solutions combine GPS positioning, wireless communications (satellite and terrestrial) and sophisticated information technology into powerful data-rich tools that help governments and enterprises operate more securely, safely and efficiently. The company has operations throughout the world, and is owned by an affiliate of Washington D.C. based CIH International Group, a St. Paul International Ltd. and Traditions L.P. Company. CIH International has a well-established track record in the ownership and operation of global companies in the telecommunications, IT, energy and manufacturing sectors.
Yamei Electronics Technology Co. Ltd. (www.ccyamei.com) was established in 2001 as China’s first smart key manufacturer and in which it remains the country’s leading designer and manufacturer. In addition, the company’s capabilities include the production of intelligent systems for vehicle diagnostics, management and control. With a specialization in Radio Frequency Identification (RFID) related research and development, Yamei offers world-class advanced solutions for remote vehicle IT. Yamei’s smart key brand, All-Way™, has been a market leader since 2003, with distribution in over 200 cities in China through over 3,000 4S stores (dealerships). Yamei has manufacturing facilities and/or offices in Changchun and Beijing.
Astrata Acquires China-Based Yamei from Trimble
October 30, 2014