# Kuang-Chi Science to acquire 39% stake in Gilo for GBP2.45M

Kuang-Chi Science's subsidiary Advance Summit will invest GBP2.277 million in new shares and GBP0.175 million in existing shares of aerospace technology company Gilo, for a 39.06% stake, to collaborate on future space technology.

- Type: Acquisition
- Announced: 2017-01-16
- Where: United Kingdom
- Value: $31.0M (24.5M GBP)
- Status: announced
- Products: engine technology for drones, flying cars, rotary vehicles
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kuang-Chi Science](https://endata.com/companies/21466.md) (acquirer)
- [Gilo](https://endata.com/companies/21467.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/39529.html), 2017-01-16: "光启科学与Gilo携手合作，共同研发未来空间技术及服务解决方案。"

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