On February 21, Greatoo Intelligent Equipment Inc. released an announcement that it had decided to spend EUR 13.60 Million in investing in setting up a wholly-owned subsidiary in Antwerp, Belgium.

It is known that Greatoo Company has made a layout in Europe before, which can be seen in Greatoo (Europe) Holding SARL in Luxembourg and ODG Precision Machine Tool GmbH in Frankfurt, Germany. The Company also holds shares of the OPS-Ingersoll Holding GmbH of Germany.

The Company sets up a new subsidiary in Belgium this time in order to further expand its market in Europe. By setting the subsidiary in Belgium as a platform of services and investment to optimize its industrial layout and broaden market channels, the Company can further increase its share and competitiveness in the intelligent equipment market.