# Estun Technology acquires 30% stake in Barrett Technology for $9M

Estun Technology North America, a subsidiary of Nanjing Estun Automation, will acquire and invest $9 million in Barrett Technology for a 30% stake, to collaborate on micro servo systems and collaborative robots.

- Type: Acquisition
- Announced: 2017-04-12
- Where: Delaware, United States
- Value: $9.00M
- Status: announced
- Products: micro servo drives, collaborative robots, rehabilitation robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Nanjing Estun Automation Co., Ltd.](https://endata.com/companies/16722.md)
- [Barrett Technology](https://endata.com/companies/17008.md) (target)

## Sources

- [m.cngold.org](https://m.cngold.org/stock/m_gsgg305696.html), 2017-04-12: "为进一步提高公司智能制造核心功能部件的竞争力，拓展基于核心功能部件的人工智能机器人领域，对公司长远发展战略进行提前布局。"

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