# Chinese firms plan bid for German industrial giant FFT

Chinese companies including Jiangsu Hagong Intelligent Robot Company, Shanghai Electric, and AGIC Capital are planning to bid for German industrial company FFT, which is valued at around $712 million.

- Type: Acquisition
- Announced: 2017-10-12
- Where: Germany
- Value: $712.0M
- Status: rumored
- Products: manufacturing facilities for automakers
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Electric](https://endata.com/companies/1068.md) (investor)
- [Jiangsu Hagong Intelligent Robot Company](https://endata.com/companies/17766.md) (investor)
- [AGIC Capital](https://endata.com/companies/17767.md) (investor)
- [FFT](https://endata.com/companies/17768.md) (target)
- [Aton](https://endata.com/companies/17769.md) (partner)

## Sources

- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2017/10/12/chinese-companies-planning-to-bid-for-german-industrial-giant-fft-says-reuters/14496/), 2017-10-12: "Chinese firms including the Jiangsu Hagong Intelligent Robot Company are planning to make a bid to buy German industrial giant FFT."

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