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  5. 24Tidy Network Technology Acquires Tiantian Laundry Co.

M&A Deal Summary

24Tidy Network Technology Acquires Tiantian Laundry Co.

On April 30, 2020, 24Tidy Network Technology acquired business services company Tiantian Laundry Co. for 950M CNY

Acquisition Highlights
  • This is 24Tidy Network Technology’s 1st transaction in the Business Services sector.
  • This is 24Tidy Network Technology’s 0th largest (disclosed) transaction.
  • This is 24Tidy Network Technology’s 1st transaction in China.

M&A Deal Summary
Date 2020-04-30
Target Tiantian Laundry Co.
Sector Business Services
Buyer(s) 24Tidy Network Technology
Deal Type Add-on Acquisition
Deal Value 950M CNY

Target

Tiantian Laundry Co.

Guangdong, China
Tiantian Laundry (Guangzhou) Co., Ltd. is a laundry service provider that owns the largest centralized smart laundry factory in the world.

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Buyer(S) 1

Buyer

24Tidy Network Technology

Shanghai, China
Category Company
Sector Business Services
DESCRIPTION

24Tidy (Shanghai) Network Technology, Inc. offers online washing, flower subscription, and green plant rental services based in Shanghai, China.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2020 M&A 1 of 1
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