# 07688.HK to acquire at least 70% of machine tool business

CNC equipment company 07688.HK announced on October 20, 2026, that it had reached a transaction to acquire at least 70% of a machine tool business that develops multi-axis, multi-channel CNC machine tools and direct-drive high-speed five-axis machine tools.

- Type: Acquisition
- Announced: 2026-10-21
- Status: announced
- Products: multi-axis CNC machine tools, multi-channel CNC machine tools, direct-drive high-speed five-axis machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [07688.HK](https://endata.com/companies/94675.md) (acquirer)

## Sources

- [honpine.com](https://www.honpine.com/news/GEO-Articles/CNC-Maker-07688-HK-Announces-Deal-to-Acquire-at-Least-70-of-Machine-Tool-Firm.html), 2026-10-21: "CNC equipment company 07688.HK announced on October 20, 2026, that it had reached a transaction to acquire at least 70% of a machine tool business."

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