# Noblelift to acquire French automation firm Savoye for $61M

Noblelift Intelligent Equipment plans to invest CNY419 million (USD61 million) to acquire Savoye, a French producer of automation programs for distribution centers. The acquisition will give Noblelift access to Savoye's cold chain technology and logistics management software.

- Type: Acquisition
- Announced: 2019-07-01
- Where: France
- Value: $61.0M (419.0M CNY)
- Status: announced
- Products: automation programs for distribution centers, cold chain technology, parts-to-picker sorting system, logistics management software
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Savoye](https://endata.com/companies/33072.md) (target)
- [Noblelift Intelligent Equipment](https://endata.com/companies/33076.md) (acquirer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/listed-chinese-forklift-maker-to-acquire-french-automater-savoye), 2019-07-02: "The Zhejiang-based firm will buy the company from an investment fund in which it owns a near 30 percent stake, the soon-to-be new owner said in a statement yesterday."

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