iPower Acquires a 100% Interest in its Global Co-Engineering Partner, Daheshou Shenzhen Information Technology
DUARTE, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) -- On February 15, 2022, iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), one of the leading online hydroponic equipment suppliers and retailers, acquired Anivia Limited, a British Virgin Islands company, for US$12 million. Anivia Limited controls a 100% interest in iPower's largest global co-engineering partner, Daheshou Shenzhen Information Technology Co. Ltd ("DHS"). DHS is a service provider based in Shenzhen, China that is engaged in R&D, distribution, quality assurance, end-to-end supply chain management services, and online merchandising services. DHS provides these services to markets throughout North America, Europe and Asia. DH
