# 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.

- Type: Acquisition
- Announced: 2016-12-13
- Where: Zhuzhou, China
- Value: $41.0M (283.0M CNY)
- Status: announced
- Products: high-voltage frequency converters, power quality devices, industrial power supplies, solar inverters, wind power converters
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [CRRC Times Electric](https://endata.com/companies/20667.md) (acquirer)
- [CRRC Zhuzhou Electric Locomotive Research Institute](https://endata.com/companies/20668.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/35112.html), 2016-12-13: "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。"

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