On July 27th, Swiss company Wanton and American company Bidtek jointly announced that B&W Tek LLC's spectral business has joined the Swiss Wanton Group, becoming a new member of the group. This M&A includes: B&W Tek LLC, B&W Tek Germany, B&W Tek Taiwan, China and B&*'s sustainable development. (This acquisition is for B&W Tek LLC's spectroscopy business, excluding medical laser business). This acquisition will contribute to the strategic development of both Swiss company Wantong and Bidatech, further strengthening the development and promotion of Raman and other technology products, services, and industry solutions.

Among the many olive branches that are being offered to Bidtek, Swiss company Wantong enjoys a high reputation and has a wide range of products that can provide a professional platform for the further development of spectroscopic equipment such as NIR, LIBS, and Raman, and further improve B&W Tek's technology and support network. The combination of B&W Tek and Swiss Wantong has strong complementarity. B&W Tek also believes that by combining Swiss Wantong's technology and resources, it can further enhance customer-centric services and provide more comprehensive innovative industry solutions and experiences for more Chinese and customers.

Why choose Swiss Wantong?

When asked about this question, Dr. Jack Zhou expressed high recognition of the corporate spirit of Swiss Wantong. "We have a similar company culture and philosophy. Swiss Wantong is held by the Swiss Wantong Education Foundation, ensuring its independence and future development space. Therefore, we pay more attention to the long-term strategic growth of the enterprise, encourage the spirit of craftsmanship, strongly support technological development, and have full patience for technological maturity, which is in line with many of the concepts of Bida Tech Company." Therefore, this strategic choice has received unanimous support from both boards of directors. Both parties hope to take this opportunity to gather their technology, sales, and service platforms to effectively promote more good products and services to a broader market.

What changes will B&W Tek undergo after joining Swiss Wantong?

In order to ensure the continued provision of experience for B&W Tek's existing customers, Swiss Wantong adopts a steady and gradual integration approach. At present, B&W Tek will continue to operate under its existing brand and further strengthen its R&D, production, sales, and service teams. After the transition period, BWTEK and Swiss Wantong will smoothly integrate while considering the needs of all stakeholders. B&W Tek will not only continue to maintain and develop existing partners, distributors, and customers, but also develop internal cooperation within the group under the coordination of Wantong headquarters and obtain more resources and support. Customers and partners will have more opportunities for cooperation and selection to achieve the goal of mutual benefit.

This merger and acquisition strategy will have a positive impact on both parties involved in the acquisition. The collision and integration of innovative ideas, professional technology, and a focus on innovation and craftsmanship all bring vitality to integration. Integrating advantageous technologies and manufacturing processes will bring users more innovative solutions and higher value experiences. By combining years of sales systems and user support from both parties, B&W Tek's manufacturing capabilities can be more effectively utilized, thereby expanding its ability to serve China and the market.

Has B&W Tek adjusted its focus of work in the face of new integration?

The reason for choosing mergers and acquisitions is due to the needs of development. The B&W Tek team has always adhered to customer service as the core, focused on customer experience, and maintained its original intention of innovation. It is dedicated to technology research and optimization, and constantly launches new technologies and products. We will combine our resource advantages to further enhance customer experience and trust in the development process, and through these efforts, contribute to the diversity and higher value of Swiss Wantong products.

Why choose to be acquired at this time?

It can be said to be the result of a coincidence, as well as a reasonable new chapter and continuation of development, "said Dr. Jack Zhou.

Firstly, Bidatech is a company that focuses on innovation and technological development, and does not continuously innovate in the rapidly developing Raman spectroscopy and other technology industries. From the perspective of Raman technology, fluorescence reduction technology, high-performance handheld Raman, LIBS, NIR and other innovative technology products in the industry, to the continuous development and improvement of industry application solutions, the brand influence continues to strengthen and has gained the favor and unanimous recognition of partners. This sustained rapid development has put forward new requirements for more resources and greater platform support.

Secondly, in recent years, there has been a trend of instrument companies joining forces and integrating resources, updating technology and continuously innovating during the integration process to gain market advantages. Given the industry performance of Bida Tek, numerous companies have continuously extended olive branches to B&W Tek, providing feasible solutions for this win-win integration.

Thirdly, while the market recognizes it, it also has higher expectations for Bida Tech's innovation, user experience, and product marketization capabilities.

In order to convey innovative ideas to a broader market and provide more, better, and diversified solutions, starting from seeking the intersection of advantages, this merger and acquisition is reasonable and natural.