From China to Italy

The Deal Shenzen Deren Electronic Co. ltd (“Deren”) and Meta-Fin S.p.A. signed an agreement to develop a common strategic and industrial partnership, based on the letter of intent they entered into in March 2015. Based on this agreement, Deren will acquire initially from Meta-Fin 60% of Meta System S.p.A. (“Meta”) with the aim to become a leading supplier of electronic devices for the automotive and telematics markets in Europe and in China. Deren was assisted throughout the deal by IEG Kratos Investment as exclusive financial advisor.

The Partners Meta System S.p.A. was founded in 1973 in Reggio Emilia (Northern Italy) and is a company specialized in the design, development, production and sale of advanced end-to-end electronics and telematics solutions to automotive and insurance markets. Deren Shenzen Electronic Co. ltd is a company listed at the Shenzhen Stock Exchange engaged in the R & D, manufacturing and sales of electrical connectors, electrical and electronic wiring harnesses, precision molds and car electronics. Deren’s products are widely used in home appliances, communications, computers and peripherals equipment, automobiles, medical equipment, industrial and other fields.

The Perspective Following this transaction, Meta will be able to take advantage of its technologies, products and industrial processes, to succeed in the promising Chinese market made accessible by the Deren strong relationships with the key market players. Germano Fanelli – Chairman of Meta – said: “We have agreed with Deren on a joint business plan that aims at reaching ambitious targets in Europe and Asia. This agreement will be beneficial to both parties and I am honored to be part of such an exciting development. We carefully looked for the right partner over the last year and we are convinced that Deren has the perfect profile given the strategic opportunities it can disclose and the high quality, clear integrity and human touch of its management.”