# 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.

- Type: Acquisition
- Announced: 2017-06-13
- Where: China
- Value: $59.5M (405.0M CNY)
- Status: announced
- Products: servo drives, motion control systems, industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai STEP Electric Corporation](https://endata.com/companies/17254.md) (acquirer)
- [Hangzhou Zhishan Intelligent Control Technology Co., Ltd.](https://endata.com/companies/17255.md) (target)

## Sources

- [en.stepelectric.com](https://en.stepelectric.com/News_details/1480975120833978368.html), 2017-06-13: "This acquisition of Hangzhou ZhiShan Intelligent Control will help expand STEP’ motion control product line, thereby building a more comprehensive smart manufacturing industrial chain."

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