04:17 AM EST, 11/02/2026 (MT Newswires) -- Seco (IOT.MI) agreed to purchase a 60% stake in Qiyang Technology and boost its interest in Fannal Electronics by 45% to 100%. The Italian technology company will pay 9 million euros upfront for the interest in Qiyang, a Chinese provider of hardware solutions for edge computing applications, plus an earn-out of up to 3 million euros, according to a Monday release. For Fannal Electronics, a China-based developer of touch display technologies and human-machine interfaces, Seco will pay 23 million in three tranches by Dec. 31, 2027. The transactions expand Seco's research and development capabilities as well as its customer base in the Asia-Pacific region, aiming to accelerate its growth in the area.

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