# LiuGong acquires 51% stake in Shanghai Jintai Engineering Machinery for $85M

Guangxi Liugong Machinery Co., Ltd. announced a 546M RMB ($85.24M) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd. from Guangxi Liugong Group Corp., adding piling machinery to its product portfolio.

- Type: Acquisition
- Announced: 2017-11-30
- Where: Shanghai, China
- Value: $85.2M (546.0M CNY)
- Status: announced
- Products: piling machinery, underground hydraulic diaphragm wall grabs, rotary drilling rigs, engineering drilling rigs, multi-axis drilling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Jintai Engineering Machinery Co., Ltd.](https://endata.com/companies/18029.md) (target)
- [Guangxi LiuGong Machinery](https://endata.com/companies/27250.md) (acquirer)

## Sources

- [liugong.com](https://www.liugong.com/en/news/20171130/), 2017-11-30: "Guangxi Liugong Machinery Co., Ltd (LiuGong) announced a 546M RMB (85.24M USD) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd."
- [constructionbriefing.com](https://www.constructionbriefing.com/news/liugong-buys-into-jintai/1130681.article), 2017-12-11: "The acquisition allows LiuGong to add piling machines to its product portfolio."

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