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MKDWELL Tech Inc. to Acquire Premium Smart-Home and IoT Group, Diversifying Beyond Automotive Electronics
GlobeNewswire Inc.·
MKDWELL Tech Inc., an automotive electronics manufacturer, announced it will acquire Landvision Inc., a developer of AI-enabled smart-home and IoT products, for $240 million through the issuance of 30 million new shares at $8.00 per share. The acquisition aims to diversify MKDWELL's business into the high-growth consumer smart-home sector while leveraging complementary strengths in embedded electronics and manufacturing. Completion is expected in August 2026.
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