CRRC Times Electric to acquire Zhuzhou Converter Technology Research Center for CNY 283M

CRRC Times Electric agreed to acquire 100% of Zhuzhou Converter Technology National Engineering Research Center Co., Ltd. from its parent CRRC Zhuzhou Electric Locomotive Research Institute for approximately CNY 283 million, expected to close by December 31, 2016.

“目标公司拥有较好的研发实力，因为其目前在中国拥有逾140项专利及12项著作权。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中车时代电气(03898)拟斥资2.83亿元并购株洲变流技术研究中心Dec 13, 2016

Summarized from public sources; check the original articles before acting on it.