# Saurer Intelligent Technology completes acquisition of remaining 5% stake in Zhuolang Intelligent Machinery

Saurer Intelligent Technology Co., Ltd. completed the acquisition of the remaining 5% stake in Zhuolang Intelligent Machinery Co., Ltd. from Shanghai Yongyun Huachuang Equity Investment Partnership Enterprise (LP) for approximately CNY 720 million. The deal was signed on November 29, 2017 and completed on December 29, 2017.

- Type: Acquisition
- Announced: 2017-12-29
- Where: China
- Status: completed
- Products: intelligent machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zhuolang Intelligent Machinery Co., Ltd](https://endata.com/companies/17276.md) (target)
- [Saurer Intelligent Technology Co., Ltd.](https://endata.com/companies/18084.md) (acquirer)
- [Shanghai Yongyun Huachuang Equity Investment Partnership Enterprise (LP)](https://endata.com/companies/18085.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SAURER-INTELLIGENT-TECHNO-6660666/news/Saurer-Intelligent-Technology-Co-Ltd-completed-acquisition-of-remaining-5-stake-in-Zhuolang-Inte-34863150/), 2017-12-28: "Saurer Intelligent Technology Co., Ltd. completed acquisition of remaining 5% stake in Zhuolang Intelligent Machinery Co., Ltd. from Shanghai Yongyun Huachuang Equity Investment Partnership Enterprise (LP) on December 29, 2017."

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