Shanghai Mechanical & Electrical Industry Co., Ltd. (SHSE:600835) agreed to acquire Clean Technology Universe AG from Chairman of Board, Georges Burki and Chief Executive Officer, Giorgio Gadola for CHF 3.7 million on October 19, 2015. For the year ended December 31, 2014, Clean Technology Universe recorded loss of CHF 0.18 million, total assets of CHF 12.23 million, shareholder's equity of CHF 0.37 million and revenues of CHF 7.15 million.