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Chapter 290 Hillington Company

Cai Siqiang has a strong fire-fighting ability. With the powerful strength of the Saal Lawyer Group, he quickly sent a lawyer's letter to contact those portals that published Duke's gossip information. For larger portals, he immediately removed Duke's gossip news after receiving the lawyer's letter, and then replaced the press release of Duke's acquisition activity prepared by Saal Company in London.

If the parties involved have no objections to do such a thing, of course there is no pressure to do it. However, when facing lawyer letters, portals with family and business dare not neglect. Now the sal is at its peak, and the promotional advertisements for navigation instruments and mobile phone products are not a small number of them in major portals, and no one dares to offend this God of Wealth.

It is one thing to attract attention, but it is another thing to get the money you get.

As for the initiator, the students who studied in the UK one by one, after receiving contact and advice from Saal lawyer, they also modified the texts in the blog post that caused scandal speculation and posted a clarification blog post.

Although these actions simply cannot destroy the gossip that netizens talk about, and make Duke's scandal with the blonde beauty continue to become a hot topic on various forums.

However, because Cai Siqiang's quick response effectively prevented the spread of this scandal to other media, such as newspapers and TV news, it was finally a blessing in disguise. Since the more authoritative print media and TV media did not broadcast the scandal, the incident seemed to be a rumor that could not be confirmed.

Following Cai Siqiang's arrangement, Duke honestly sat opposite Joe Hill, president of Hillington, and started the first formal acquisition negotiation between the two parties with Susanna, Sovaz and the newly hired acquisition consultant.

Hillington was founded by President Joe Hill ten years ago. Joe Hill, who was a university professor at the time, was already in his forties. After more than ten years of research, he finally developed a special composite material production process. This is a high-strength, high-melting point composite material, mainly used in turbine engines and gas turbine blades, and was a very leading material at that time.

After Joe Hill developed this material production process, he founded Hillington, which mainly produced this technologically advanced composite material and provided raw materials for Rolls-Royce and Alstom. In the past few years, Hillington has lived a comfortable life, and has a profit of about 20 million pounds a year.

However, due to the high cost of manufacturing this material and its price, the application scope is limited. In addition, competitors have recently developed similar products, which makes it difficult for Hillington to expand its market size. The company's progress in developing new materials is not satisfactory. The developed materials are basically mature products already in the market, and the market price is not high. In terms of Hillington's labor and production costs, it is difficult for enterprises to develop at this level.

Of course, because of two fixed major customers, Hillington's life was not too bad. As the company's president and founder, Joe Hill was quite satisfied. Until one day, Joe Hill received an acquisition intention from an investment company from Luxembourg that is said to have an oriental consortium background.

Originally, Joe Hill had no intention of selling the company at all, but after he looked at the acquisition offer of Duke's Luxembourg Investment Company, Joe Hill was inevitably a little moved.

500 million pounds! That's a lot of money. If Joe Hill continues to operate according to the current situation, it will take at least twenty years for Joe Hill to make so much money. Then Joe Hill has to ask God to bless the company to have its current business every year. However, although there are not many competitors in this industry, Joe Hill's competitors are basically large companies in the heavyweight composite materials production of the United States and Japan. Otherwise, Joe Hill would have entered the US and Japanese markets long ago.

So, Joe Hill really thought about this price for several days before he made up his mind to agree to have a conversation with Duke's company representative in person, so Duke had this trip to London.

If it is just for Hillington's current technology, products and business, the price offered by Duke is no longer low. After all, everyone can see the current development limitations of Hillington's company, and there is less room for imagination in the future. It is difficult to take a new level with the current very limited sales scale of the product.

However, this is based on general investment, but the significance for Duke is different, because in Duke's future nuclear power plants, some composite materials similar to Hillington's existing products must be used, which is of course better than this material and has higher strength requirements.

This is difficult for Joe Hill, but it is not a big problem for Duke. He has obtained relevant production technology from Bileme. That is to say, only by making some important improvements to Hillington's existing products, Duke can obtain a better composite material for use on the nuclear power plant he designed in the future.

Although there are still several manufacturers in the world with this technical foundation, they are all large-scale Japanese and American companies without exception. Duke wants to acquire them at this stage not only in terms of funds, but also in the government has a lot of resistance, because this material is of great significance to domestic aircraft engines and power plant generators. If a company with a Chinese background conducts large-scale merger, the probability of approval by the Japanese and American governments is very low.

So although the price offered by Duke is a little higher, Duke believes it is worth it. The existing technical foundation of Hillington can greatly accelerate the construction of the production chain of key products of his new nuclear power plant. Because the total acquisition price is only one-tenth of the number of those large companies, it is still very cost-effective.

After completing the acquisition of this composite material factory, Duke still needs to purchase many key manufacturers, such as special alloys, precision machine tools, precision instrument production... Many things need to be upgraded and transformed again on the latest existing technologies to meet the needs of the construction of new nuclear power plants and deuterium refining plants that Duke obtained from Bileme.

Duke can only rely on acquiring top companies that exceed the technical level of the current era, and then use clever tips to inspire the R&D teams of these top companies and improve the production of products that meet their requirements.

Otherwise, if Duke had created so many advanced things with one person's strength, it would have been too amazing, although his performance is already shocking. Compared to being a genius across n different industries, with these companies' support, it can be easy to cover up his edge.
Chapter completed!
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