BEIJING – XJ Capital has invested in Schmid Technology Guangdong with an undisclosed sum. Prior to the minor investment, the company was 100% owned by Schmid in Germany.

With the investment, STG will expand its sales and R&D capabilities in China, say reports.

“The investment into STG highlights one of XJ Capital’s core capabilities of partnering with companies to further expand and grow their presence in China by leveraging our local connectivity and resources. We are very impressed by Schmid Group’s market-leading technology in the wet chemical processing space, and we look forward to working alongside Schmid Group to take STG to the next level,” said Hu Bin, founder and managing partner, XJ Capital.

“We are very pleased we found with XJ Capital the perfect long-term partner in China with whom we can realize our joint vision in this leading market for high-tech equipment solutions,” said Christian Schmid, managing director, Schmid Group. “Combining the strength of both companies will create a lighthouse project for a next level of a Chinese-German cooperation that can overcome today’s challenges of trade disputes and a pandemic by focusing on the needs of our customers.”