STEP Electric acquires Zhishan Intelligent Control for 405 million yuan

Shanghai STEP Electric Corporation and its subsidiary Shanghai STEP Cable Technology Co., Ltd. plan to acquire 100% equity of Hangzhou Zhishan Intelligent Control Technology Co., Ltd. for 405 million yuan. Zhishan specializes in servo drives and motion control systems.

“This acquisition of Hangzhou ZhiShan Intelligent Control will help expand STEP’ motion control product line, thereby building a more comprehensive smart manufacturing industrial chain.”en.stepelectric.com

• 1 source
• en.stepelectric.comBuilding an Intelligent Manufacturing Industry Chain | STEP Acquires Zhishan Intelligent Control for 405 Million Yuan-Shanghai STEP Electric CorporationJun 13, 2017

Summarized from public sources; check the original articles before acting on it.