Atlinks Group Limited, a Hong Kong-based technology company, is making waves in the industry with its recent strategic acquisitions of 5Gen Care Limited, 5GenCare.com Limited, Chillax Care Limited, and Chillax Technology Limited. These acquisitions align with Atlinks' goal of innovative technology development and propel the company into the forefront of the smart video streaming market.
CEO of Atlinks, Mr. Tong Chi Hoi, expressed his excitement about these acquisitions, stating that they will enable the company to evolve into an integrated software and smart video streaming devices development company, with a focus on artificial intelligence (AI) and the Internet of Video Things (IoVT). By leveraging their research and development capabilities in AI, IoVT, and end-to-end solutions, Atlinks plans to extend their product lines to include video streaming on smart baby monitors for mobile devices in the North American market.
The acquired companies, 5Gen Care and Chillax, are software development companies that offer fully integrated, stable, and secure end-to-end solutions for IoVT. Their services enable electronic devices to go online and build mobile applications for remote control and management. With solutions installed in hundreds of thousands of devices worldwide, 5Gen Care has already shown initial success with its user subscription model for paid features. Chillax, on the other hand, specializes in selling baby monitors to mobile devices under the brand “Chillax” in North America.
Upon completion of the acquisitions, 5Gen Care and Chillax, along with their respective group companies, will become indirect wholly-owned subsidiaries of Atlinks Group. This transformative move is expected to enhance the company’s market presence, diversify its products and services, and accelerate innovation. The strategic integrations will not only solidify Atlinks' position in existing markets but also open up new avenues for growth and customer engagement.
From a commercial standpoint, both acquisitions bring valuable assets to the Group. 5Gen Care brings reliable and secure IoVT software and a skilled research team, while Chillax’s baby monitors align perfectly with Atlinks' existing product roadmap. The Group’s retail strength will also help boost Chillax’s sales. The move toward the North American market represents a smart step toward growing the business in new markets.
Operationally, Atlinks Group expects to achieve greater cost efficiency and operational effectiveness by leveraging its production and logistics capabilities. By merging the R&D teams from both 5Gen Care and Chillax, the company aims to accelerate innovation and adaptability. This synergistic collaboration will lead to faster innovation cycles, better product offerings, and an enhanced ability to adapt to market changes.
Mr. Tong envisions future applications of AI and IoVT beyond the telecommunications, senior, and baby monitor markets. The Group plans to utilize its R&D capabilities to develop innovative and smart video streaming products that provide advanced features, durability, reliability, safety, and value-for-money. The ultimate goal is to enhance the quality of life for the public through widespread access and use.
Atlinks Group Limited is primarily engaged in designing, developing, and selling home and office telecommunication products under brands like Alcatel, Swissvoice, and Amplicomms. With these strategic acquisitions, the company solidifies its position as a leader in the technology industry and paves the way for future growth and innovation.
Source: PR Newswire
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