UFIDA Software and its wholly-owned subsidiary, Jiangxi UFIDA, acquired EFSI, the domestic automotive industry solutions provider, for a total of RMB 491 million to enter the automotive software field. The acquisition created a record of the amount of M & A in the domestic management software industry, and EF Chairman Ye Zhihua and General Manager He Ling also became billionaires.
UFIDA announced on the 18th that the company acquired 99% of Shanghai Yingfusi Information Technology Co., Ltd. at a price of RMB48609 million, and Jiangxi UFIDA Software Co., Ltd., a wholly-owned subsidiary of UFIDA, acquired Yingfu for RMB4.91 million Think of it as a 1% stake.
It is reported that the payment method for this acquisition is cash payment, and the entire price will be paid in five installments. The company and Jiangxi UFIDA will pay the entire purchase price within 15 working days after the expiration of 36 months from the delivery date.
UFIDA said that the acquisition of EFSI will use UFIDA to occupy the leading position in the domestic automobile sales and after-sales service informatization and management consulting market. UFIDA said that the merger and acquisition of EFSI will further integrate industry resources and form a more complete solution and service capabilities for the automotive industry.
According to the announcement, UFIDA hopes to seize the growth opportunities in the management software and consulting services business of the automotive industry brought about by the rapid development of China's auto industry, accelerate the company's industrialized management strategy, and enable the company to occupy the domestic automotive sales and after-sales service information and management consulting Market leadership.
Zheng Yulin, vice president of UFIDA Software, said that industrialized development is the company's most important strategy, and the sub-sectors that the company enters need to have a certain scale and growth.
According to CCID (CCID Consulting) forecast, the annual average growth rate of the application software market in the Chinese automotive industry will reach 23.3% from 2010 to 2012, and the market size in 2012 will reach 1.54 billion yuan.
It is reported that 7 natural persons such as Ye Zhihua hold 84.72% of the shares of EFSI, of which EFSA holds 9.543 million shares for the chairman of Ye Zhihua, with a share ratio of 26.51%, and General Manager He Ling holds 7.785 million shares. The ratio is 21.63%. Based on the amount of this merger and acquisition by UFIDA, the stock value of the two executives has exceeded 100 million. In addition, this acquisition also created 3 multimillionaires.
According to the data, EF has a registered capital of 36 million yuan and is mainly engaged in the design, development and implementation of application software and solutions for the automotive industry. It also includes automotive industry business management consulting services, system integration of computer hardware and software and IT outsourcing in the automotive industry. And other business. As of the end of 2009, the company's assets totaled 118 million yuan and its liabilities totaled 10.8753 million yuan. The total equity attributable to the parent company's owners was 106 million yuan. In 2009, the company achieved an operating income of 92.814 million yuan and a net profit of 27.13 million yuan.
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