# SECO to acquire 60% of Qiyang Technology and remaining 45% of Fannal Electronics

SECO S.p.A. signed agreements to buy 60% of Qiyang Technology for €9 million plus up to €3 million earnout, and the remaining 45% of Fannal Electronics for €23 million. Both deals are subject to closing conditions.

- Type: Acquisition
- Announced: 2026-11-02
- Value: $34.9M (32.0M EUR)
- Status: announced
- Products: computers and software for edge processing, hardware for industrial automation and robots, touch displays and interfaces
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SECO S.p.A.](https://endata.com/companies/14958.md) (acquirer)
- [Qiyang Technology](https://endata.com/companies/14959.md) (target)
- [Fannal Electronics](https://endata.com/companies/14960.md) (target)

## Sources

- [europeantechequities.com](https://europeantechequities.com/en/research-notes/seco-asia-acquisition-agreements-2026), 2026-11-02: "Both deals still need to close."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.