# Lingyi iTech completes acquisition of Salcomp for €88 million

Lingyi iTech (Guangdong) Company has completed the acquisition of Salcomp Plc from Nordstjernan AB and Sjätte AP-fonden for €88 million.

- Type: Acquisition
- Announced: 2019-08-27
- Where: Finland
- Value: $97.6M (88.0M EUR)
- Status: completed
- Products: electronic equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Lingyi iTech (Guangdong) Company](https://endata.com/companies/41605.md) (acquirer)
- [Salcomp Plc](https://endata.com/companies/41606.md) (target)
- [Nordstjernan AB](https://endata.com/companies/41607.md) (partner)
- [Sjätte AP-fonden](https://endata.com/companies/41608.md) (partner)

## Sources

- [au.marketscreener.com](https://au.marketscreener.com/quote/stock/LINGYI-ITECH-GUANGDONG-CO-25012936/news/Lingyi-Itech-Company-completed-the-acquisition-of-Salcomp-Plc-34171757/), 2019-08-26: "Lingyi Itech (Guangdong) Company completed the acquisition of Salcomp Plc on August 27, 2019"

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