# Shenzhen Envicool Technology completes acquisition of 95.1% stake in Shanghai Cool-Air Transport Refrigeration Equipment

Shenzhen Envicool Technology Co., Ltd. completed the acquisition of the remaining 95.1% stake in Shanghai Cool-Air Transport Refrigeration Equipment Co., Ltd. for approximately CNY 250 million, gaining full ownership.

- Type: Acquisition
- Announced: 2018-05-03
- Where: China
- Value: $39.0M (250.0M CNY)
- Status: completed
- Products: transport refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Shenzhen Envicool Technology Co., Ltd.](https://endata.com/companies/31685.md) (acquirer)
- [Shanghai Cool-Air Transport Refrigeration Equipment Co., Ltd.](https://endata.com/companies/31686.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SHENZHEN-ENVICOOL-TECHNOL-34541420/news/Shenzhen-Envicool-Technology-Co-Ltd-completed-the-acquisition-of-remaining-95-1-stake-in-Shangha-34726443/), 2018-05-03: "Shenzhen Envicool Technology Co., Ltd. completed the acquisition of remaining 95.1% stake in Shanghai Cool-Air Transport Refrigeration Equipment Co., Ltd."

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