# Prima Industrie acquires 19% stake in Lead Laser for €6.7 million

Prima Industrie, through its subsidiary Prima Power Suzhou, resolved to acquire a 19% stake in Suzhou Lead Laser Technology for approximately 50 million renminbi (€6.7 million), with an option to acquire an additional 41% by 2020.

- Type: Acquisition
- Announced: 2018-06-04
- Where: Cangzhou and Kunshan, China, China
- Value: $7.80M (6.70M EUR)
- Status: announced
- Products: 2D laser machines for sheet metal cutting
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Prima Industrie](https://endata.com/companies/18684.md) (acquirer)
- [Prima Power Suzhou](https://endata.com/companies/18685.md) (investor)
- [Suzhou Lead Laser Technology](https://endata.com/companies/18686.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/PRIMA-INDUSTRIE-S-P-A-70945/news/PRIMA-INDUSTRIE-GROWS-IN-CHINA-RESOLVED-THE-ACQUISITION-THROUGH-THE-CONTROLLED-COMPANY-PRIMA-POW-26706849/), 2018-06-04: "The transaction is aimed at increasing the Group's market share in the Chinese market of 2D laser machines, the largest in the world in terms of size and growth rate."

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