# SaltX Technology to acquire SunCool AB to strengthen Chinese market position

SaltX Technology intends to acquire SunCool AB, paying with newly issued SaltX shares valued at about SEK 24 million, to merge resources and better address the Chinese market with partner Ningbo Shenggu Energy Conservation Co. Ltd.

- Type: Acquisition
- Announced: 2017-09-18
- Where: Sweden
- Value: $2.90M (24.0M SEK)
- Status: announced
- Products: SunCool application for solar cooling
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [SaltX Technology](https://endata.com/companies/15353.md) (acquirer)
- [SunCool AB](https://endata.com/companies/26988.md) (target)

## Sources

- [saltxtechnology.com](https://www.saltxtechnology.com/cision/saltx-technology-acquires-suncool-ab/), 2017-09-18: "As SaltX now acquires SunCool we will achieve a more effective way to address the important Chinese market"

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