# AVIC Electromechanical Systems agrees to acquire Xinxiang Aviation Industry for CNY 700 million

AVIC Electromechanical Systems Co., Ltd. agreed to acquire Xinxiang Aviation Industry (Group) Co., Ltd. from AVIC Electromechanical Systems, Inc. for approximately CNY 700 million. The transaction was approved by the board and shareholders.

- Type: Acquisition
- Announced: 2017-08-01
- Where: China
- Value: $104.0M (700.0M CNY)
- Status: announced
- Products: aviation components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Electromechanical Systems](https://endata.com/companies/17098.md) (acquirer)
- [AVIC Electromechanical Systems](https://endata.com/companies/17098.md) (partner)
- [Xinxiang Aviation Industry (Group) Co., Ltd.](https://endata.com/companies/25961.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AVIC-ELECTROMECHANICAL-SY-6497132/news/AVIC-Electromechanical-Systems-Co-Ltd-agreed-to-acquire-Xinxiang-Aviation-Industry-Co-Ltd-from-35013504/), 2017-07-31: "AVIC Electromechanical Systems Co., Ltd. agreed to acquire Xinxiang Aviation Industry Co., Ltd. from AVIC Electromechanical Systems, Inc. for approximately CNY 700 million."

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