# Sieyuan Electric to acquire 90% stake in Changzhou Toshiba Transformer for CNY 400M

Sieyuan Electric Co., Ltd. signed an agreement to acquire a 90% stake in Changzhou Toshiba Transformer Co., Ltd. from Toshiba Corporation and affiliates for CNY 400 million on March 23, 2018.

- Type: Acquisition
- Announced: 2018-03-23
- Where: Changzhou, China
- Value: $63.0M (400.0M CNY)
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Toshiba](https://endata.com/companies/8893.md) (partner)
- [Toshiba](https://endata.com/companies/8893.md) (target)
- [Sieyuan Electric Co., Ltd.](https://endata.com/companies/30924.md) (acquirer)
- [Changzhou Toshiba Transformer Co., Ltd.](https://endata.com/companies/30925.md) (target)
- [Toshiba (China) Co., Ltd.](https://endata.com/companies/30926.md) (partner)
- [Kitashiba Electric Co., Ltd.](https://endata.com/companies/30927.md) (partner)
- [Toshiba Industrial Products Sales Corporation](https://endata.com/companies/30928.md) (partner)
- [Changzhou Toshiba Shudian Transformer](https://endata.com/companies/30938.md) (target)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/SIEYUAN-ELECTRIC-CO-LTD-6498002/news/Sieyuan-Electric-Co-Ltd-signed-an-agreement-to-acquire-90-stake-in-Changzhou-Toshiba-Transformer-34776020/), 2018-03-23: "Sieyuan Electric Co., Ltd. (SZSE:002028) agreed to acquire 90% stake in Changzhou Toshiba Transformer Co., Ltd. from Toshiba Corporation... for CNY 400 on March 23, 2018."
- [byqsc.net](https://www.byqsc.net/news/show-8262.html), 2018-03-26: "思源电气股份有限公司将使用自有资金400元向株式会社东芝、北芝电机株式会社、东芝产业机器系统株式会社、东芝(中国)有限公司购买合计持有常州东芝舒电变压器有限公司90%的股权。"
- [o519.cn](http://www.o519.cn/qiye/Info.asp?ID=7874&Page=2), 2018-04-04: "公司通过和东芝合作，进入变压器产品领域，完善公司输配电系列产品，通过整合双方资源，有利于提升公司综合竞争力。"

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