# TOPNC intends to acquire 70% stake in CNC machine tool company

TOPNC (07688) entered into a non-legally binding letter of intent to acquire no less than 70% equity of a target company specializing in multi-axis CNC machine tools and direct-drive five-axis machine tools, to expand into humanoid robot and AI liquid cooling plate sectors.

- Type: Acquisition
- Announced: 2026-10-20
- Status: announced
- Products: multi-axis CNC machine tools, direct-drive five-axis machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Target](https://endata.com/companies/9243.md) (target)
- [TOPNC](https://endata.com/companies/94654.md) (acquirer)

## Sources

- [gmt8press.com](https://www.gmt8press.com/content/detail/442554), 2026-10-20: "The possible acquisition is part of the group's strategic layout to enrich its CNC machine tool product matrix and expand into high-growth downstream sectors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.