China Digest: Tztek to acquire MueTec; Sequoia backs Narwal

China Digest: Tztek to acquire MueTec; Sequoia backs Narwal

Yunjing(Narwal) Intelligence Technology (Dongguan)

SH-listed Tztek Technology has agreed to acquire German MueTec Automated Microscopy and Messtechnik GmbH for €18 million ($20.2 million) while robot mop and vacuum cleaner Yunjing (Narwal) Intelligence Technology (Dongguan) has secured a Series C round of financing led by Sequoia Capital China. 

Tztek to acquire German MueTec for $20.2m

SH-listed intelligent manufacturing device provider Tztek Technology Co., Ltd is acquiring German MueTec Automated Microscopy and Messtechnik GmbH for €18 million ($20.2 million), according to a filing with the Shanghai Stock Exchange. 

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