# CRCI and Estun Automation acquire Carl Cloos Schweißtechnik

China Renaissance Capital Investment and Estun Automation have acquired German welding technology specialist Carl Cloos Schweißtechnik for EUR 190.1 million.

- Type: Acquisition
- Announced: 2019-09-19
- Where: Haiger, Germany
- Value: $209.0M (190.1M EUR)
- Status: completed
- Products: welding technology
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Estun Automation](https://endata.com/companies/16775.md) (acquirer)
- [China Renaissance Capital Investment](https://endata.com/companies/17108.md) (investor)
- [Carl Cloos Schweißtechnik GmbH](https://endata.com/companies/41027.md) (target)

## Sources

- [crcicapital.com](https://crcicapital.com/deal-focus-chinas-crci-targets-industrial-upgrades/), 2019-09-19: "The firm recently completed its second cross-border collaborative buyout, teaming up with Estun Automation, a Chinese electrical components manufacturer that has expanded into industrial robotics, to acquire German welding technology specialist Carl Cloos Schweißtechnik for EUR190.1 million."
- [metalworkingnews.info](https://metalworkingnews.info/chinas-estun-automation-acquires-germanys-carl-cloos-welding-technology/), 2019-10-25: "Nanjing Estun Automation Technology Co. has announced that it has acquired Carl Cloos Schweißtechnik GmbH, or Carl Cloos Welding Technology, for €196 million (US $216.44 million)."

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