Transaction Details

  • Acquisition Structure: Proposed acquisition of 9,96,675 equity shares representing 66.45% of the issued and paid-up share capital of Dongyang PC, Inc.
  • Purchase Price: USD 2.85 per share
  • Conditions: Subject to fulfilment of conditions precedent and other terms stipulated in the share purchase agreement
  • Post-Acquisition Status: Upon completion, Dongyang PC, Inc. shall become a subsidiary of L.T. Elevator Limited

Additional Transaction Components

  • Post-Closing Buyback: Following completion of the acquisition, the Company shall cause Dongyang PC, Inc. to implement a share buyback program
  • Buyback Details: Acquisition and cancellation of all 500,000 equity shares held by the Saudi investor at the same purchase price of USD 2.85 per share
  • Timeline: Buyback to be completed within 60 days from Closing
  • Final Ownership: Upon completion of buyback and share cancellation, Dongyang PC, Inc. is expected to become a wholly-owned subsidiary (100%) of the Company

Strategic Rationale and Business Synergies

The acquisition brings:

  • Global expertise in mechanical parking systems with multiple patents in rotary car parking
  • Three globally registered brands: SMART PARKING®, ACE PARKING®, and GRAND PARKING®
  • Automated parking infrastructure supplied across 35 countries
  • Over 20 years of industry experience
  • Intellectual property portfolio comprising more than 12 patents and 21 registered trademarks
  • IoT-enabled smartphone operation across all products with real-time sensor monitoring, remote control, and predictive maintenance
  • EV-ready infrastructure with integrated EV charging capabilities
  • Temperature operating range: -40°C to +55°C
  • RFID & PIN access systems

Dongyang PC Business Profile

  • Established: 2002
  • Location: Seoul, Korea
  • Business: Specialized manufacturer of mechanical parking systems
  • Certifications: ASCE 7 / CE / ISO 9001 Certified
  • Safety Standards: Designs that exceed regulatory standards with rigorous field-proven testing

Product Portfolio Details

SMART PARKING®

  • Vertical Rotary systems (SM-L & SM-SU Series)
  • 16 Cars/2 Spaces capacity
  • 3-5 Day Setup time
  • 15-20 Year Life expectancy
  • All-weather operation
  • Global IP protection
  • SEDAN+SUV compatible
  • IOT READY
  • Models: SM8-SM16
  • 18-Country trademark coverage

ACE PARKING®

  • Elevator Tower systems (AC Series)
  • 50 Cars/Tower capacity
  • Requires only 50m² space
  • Internal Turntable
  • CE & ISO Certified
  • Proven deployment in Singapore
  • Sedan & SUV compatible

GRAND PARKING®

  • Cart-Type Facility (GRF Series)
  • Project Scale implementation
  • Large Scale Multi-Floor Cart System
  • Fully Custom Footprint
  • Ideal for Commercial, B2G & Campuses
  • Sedan & SUV compatible
  • B2G READY
  • CUSTOM SCALE capabilities

Financial Impact

  • Expected Revenue Contribution: Approximately ₹130 crore to L.T. Elevator for the remainder of FY27
  • Margin Profile: Industry leading margins
  • Existing Order Book: Active bid pipeline of ₹700+ crore across multiple countries including Thailand, Israel, UK, Saudi Arabia, and USA
  • Bid-to-Order Conversion: Pipeline shows 78% Thailand, 9% Israel, 7% UK, 4% Saudi, 2% USA

Structural Strengths

  • Integration of end-to-end capability: design + manufacturing + installation + monitoring
  • 12 active patents protecting proprietary mechanical systems across key markets
  • EV-ready infrastructure with integrated EV charging capabilities
  • Future-proof design

Manufacturing Synergy

  • LT's India Manufacturing Cost Advantage combined with DYPC's Bid Pipeline
  • Combination expected to enhance bid-to-order conversion capabilities