Taoping Inc. Finalizes Agreement to Acquire Skyladder Group, Expanding Into Smart Elevator Services Sector

Reuters09-30

Taoping Inc. Finalizes Agreement to Acquire Skyladder Group, Expanding Into Smart Elevator Services Sector

Taoping Inc. has announced the signing of a definitive share purchase agreement to acquire 100% equity in Skyladder Group Limited, valuing the transaction at approximately RMB 152 million (US$21.36 million). This follows a non-binding letter of intent signed in December 2024 and marks a significant strategic move for Taoping as it expands into the AI-enabled smart elevator service sector. According to the company, the purchase price will be paid in ordinary shares, subject to performance-based targets for Skyladder Group through 2029. With this acquisition, Taoping aims to leverage AI technology to accelerate growth, expand its smart elevator services, and integrate Skyladder Group's technological and channel strengths.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taoping Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN86590) on September 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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