# Jinpao Europe SAS acquires ADB and LUTEC for EUR 5.8 million

Jinpao Europe SAS, a joint venture of Thailand-based Jinpao Precision Industry, signed an agreement to acquire 100% of Atelier de decolletage de Bigorre (ADB) and SAS LUTEC (LUTEC) for EUR 5.8 million, with closing expected on 30 November 2018.

- Type: Acquisition
- Announced: 2018-09-13
- Where: France
- Value: $6.80M (5.80M EUR)
- Status: announced
- Products: precision milling services for aerospace
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Jinpao Europe SAS](https://endata.com/companies/19047.md) (acquirer)
- [Jinpao Precision Industry](https://endata.com/companies/19048.md) (investor)
- [Atelier de decolletage de Bigorre](https://endata.com/companies/19049.md) (target)
- [SAS LUTEC](https://endata.com/companies/19050.md) (target)
- [AGILITEAM](https://endata.com/companies/19051.md) (partner)

## Sources

- [1458.com.tw](https://www.1458.com.tw/newsD22582.html), 2018-09-14: "收購ADB及LUTEC兩家公司，藉以開拓歐洲市場，提高歐非洲營業額"

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