# Huazhong Numerical Control acquires Jiangsu Jinming for 2.8 billion yuan

Huazhong Numerical Control (华中数控) announced it will acquire 100% equity of Jiangsu Jinming (江苏锦明) for 2.8 billion yuan, paid via shares and cash. The acquisition supports its robotics business strategy.

- Type: Acquisition
- Announced: 2016-12-01
- Where: China
- Value: $406.0M (2.80B CNY)
- Status: announced
- Products: industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Huazhong Numerical Control](https://endata.com/companies/16445.md) (acquirer)
- [Jiangsu Jinming](https://endata.com/companies/16446.md) (target)

## Sources

- [ca800.com](https://www.ca800.com/news/d_1nuliko14s079.html), 2016-12-02: "本次收购江苏锦明是通过外延式发展实施“一核三体”机器人业务产业发展战略。"

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