# KDT Machinery to acquire 75% of Italian woodworking machinery firm Masterwood

Guangzhou KDT Machinery Co. will buy 75 percent of Masterwood S.p.A., an Italian CNC woodworking machinery company, for EUR16 million (USD20 million) through its Hong Kong unit.

- Type: Acquisition
- Announced: 2018-02-12
- Where: Italy
- Value: $20.0M (16.0M EUR)
- Status: announced
- Products: CNC woodworking machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Guangzhou KDT Machinery Co.](https://endata.com/companies/18258.md) (acquirer)
- [Masterwood S.p.A.](https://endata.com/companies/18259.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/-kdt-pays-usd20-million-for-75-of-italian-cnc-wood-machinery-firm), 2018-02-12: "KDT will buy 75 percent of Masterwood, an Italian computer numerical control (CNC) woodworking machinery brand for EUR16 million (USD20 million) through its Hong Kong unit."
- [database.caixin.com](https://database.caixin.com/m/2018-02-12/101210671.html), 2018-02-12: "KDT will buy 75 percent of Masterwood, an Italian computer numerical control (CNC) woodworking machinery brand for EUR16 million (USD20 million) through its Hong Kong unit."

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