Dakong

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Dakong - overview

Established

2009

Location

Hangzhou, Zhejiang, China

Primary Industry

Automobiles, Other Vehicles & Parts

About

Based in China, Dakong is a specialized vehicle manufacturing company focused on producing vehicles tailored for law enforcement and emergency response sectors, enhancing operational efficiency across various public safety domains. Dakong, established in 2009, is located in Hangzhou, China, and specializes in the design and production of specialized vehicles for public safety operations. Founded by industry experts, the company has focused its business strategy on delivering customized solutions to government agencies. The company has engaged in one significant deal as of November 2024, when Wuchan Zhongda acquired Dakong.


Hangzhou Blue Ocean Special Vehicle Co. , Ltd. specializes in the production and modification of specialized vehicles, including the "Dagang" brand road patrol vehicles, accident investigation vehicles, and law enforcement command vehicles. These products are tailored to the needs of public security and road maintenance sectors, demonstrating a commitment to high-quality manufacturing processes that integrate advanced production and quality management systems.


The revenue structure of Hangzhou Blue Ocean Special Vehicle Co. , Ltd. is primarily based on B2B transactions with government entities requiring specialized vehicles. The company engages in direct sales to these clients, often customizing vehicles to meet specific operational requirements, ensuring that every transaction aligns with the unique needs of their customer base.


In November 2024, following the acquisition by Wuchan Zhongda, Dakong plans to leverage its new resources to expand its product offerings and enter new markets. There are initiatives underway to design and launch advanced models of their specialized vehicles by late 2025. The company aims to broaden its reach within the Asia-Pacific region, targeting specific markets in Southeast Asia, with expansion efforts planned through 2026.


Current Investors

Wuchan Zhongda

Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Automobiles, Other Vehicles & Parts

Website

www.hzlanhai.net

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Dakong - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedDakong-

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