# Chongqing Nanshang acquires HTI Cybernetics for $50M

Chongqing Nanshang Investment (Group) Co acquired a 100% stake in HTI Cybernetics Inc, a US provider of integrated manufacturing solutions and robotic welding systems, for nearly $50 million. The deal closed on October 3, 2017.

- Type: Acquisition
- Announced: 2017-10-01
- Where: Michigan, United States
- Value: $50.0M
- Status: completed
- Products: integrated manufacturing solutions, robotic welding systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Chongqing Nanshang Investment (Group) Co](https://endata.com/companies/17792.md) (acquirer)
- [HTI Cybernetics Inc](https://endata.com/companies/17793.md) (target)

## Sources

- [ecns.cn](https://www.ecns.cn/business/2017/10-20/277780.shtml), 2017-10-20: "Upon the completion of the deal on October 3, Nanshang obtained a 100 percent stake in HTI for nearly $50 million."
- [therobotreport.com](https://www.therobotreport.com/another-chinese-acquisition-european-robotics-manufacturer/), 2017-11-15: "Last month HTI Cybernetics, a Michigan industrial robotics integrator and contract manufacturer, was acquired by Chongqing Nanshang Investment Group for around $50 million."

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