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Taoping Inc. (Nasdaq: TAOP) has signed a share purchase agreement to acquire Skyladder Group Limited in an all-stock transaction valued at RMB 152 million (US$21.36 million). The acquisition includes performance-based targets for Skyladder Group, with projected revenue growth from RMB 74.14 million in 2026 to RMB 180.66 million in 2029.
Skyladder Group is a leader in smart elevator services, specializing in AI-powered supervision and providing comprehensive services throughout the elevator lifecycle. The strategic acquisition aims to expand Taoping's presence in the smart elevator sector by integrating its resources with Skyladder's technological capabilities and channel advantages.
