# King Explorer Science and Technology to acquire 51% stake in Jacon Technologies

Chinese explosives maker King Explorer Science and Technology will spend AUD 16 million to acquire a 51% controlling stake in Australian construction machinery maker Jacon Technologies. The deal is subject to regulatory approvals expected by end of September 2018.

- Type: Acquisition
- Announced: 2018-08-10
- Where: Sydney, Australia
- Value: $11.7M (16.0M AUD)
- Status: announced
- Products: civil explosive equipment, construction machinery
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [King Explorer Science and Technology](https://endata.com/companies/33687.md) (acquirer)
- [Jacon Technologies](https://endata.com/companies/33688.md) (target)
- [Rutten](https://endata.com/companies/33689.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-explosives-maker-pulls-trigger-on-australian-constructor-takeover), 2018-08-10: "King Explorer Science and Technology will spend AUD16 million (USD11.7 million) to take a controlling share in construction machinery maker Jacon Technologies"

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