# Tornos to buy out minority stake in Chinese subsidiary

Tornos will acquire the 30% stake held by Shaanxi Robot Automation Technology in its Chinese subsidiary Tornos (Xi'an) Machine Works, to regain full control. The deal is expected to close by end of 2019.

- Type: Acquisition
- Announced: 2019-04-25
- Where: Xi'an, China
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Tornos](https://endata.com/companies/17440.md) (acquirer)
- [Shaanxi Robot Automation Technology](https://endata.com/companies/39013.md) (target)
- [Tornos (Xi'an) Machine Works](https://endata.com/companies/39014.md) (target)

## Sources

- [agefi.com](https://agefi.com/actualites/entreprises/tornos-reprend-le-controle-de-sa-filiale-chinoise), 2019-04-25: "Tornos va racheter les 30% détenus par Shaanxi Robot Automation Technology dans son usine chinoise."

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