Shenzen-listed group Deren to acquire majority of Italy’s Meta System

Shenzen-listed group Deren Electronic will acquire a 60% stake in the capital of Italy's automotive electronics maker Meta System spa (see Reuters here and the press release in Chinese, which might be translated by Google translator). Founded in 1973 in Reggio Emilia (Northern Italy), Meta System spa specializes in research, development and production of advanced electronic security system for the automotive, motorcycle and energy markets. Meta System collaborates with the world’s leading vehicle and motorcycle manufacturers, for whom they develop and produce a wide range of products and active/passive electronic security systems as well as next-generation comfort solutions. Meta System spa is an operative company controlled b