# Shenzhen Inovance Technology completes acquisition of Shanghai BST Electric

Shenzhen Inovance Technology Co., Ltd. completed the acquisition of Shanghai BST Electric Co., Ltd. from Zhao Jinrong, Wang Jun, and Zhu Xiaodi for CNY 2.7 billion. The deal was initially agreed on April 2, 2019, and completed on October 31, 2019.

- Type: Acquisition
- Announced: 2019-10-31
- Where: China
- Value: $382.0M (2.70B CNY)
- Status: completed
- Products: electric drives, automation products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shenzhen Inovance Technology](https://endata.com/companies/43033.md) (acquirer)
- [Shanghai BST Electric](https://endata.com/companies/43034.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SHENZHEN-INOVANCE-TECHNOL-7670464/news/Shenzhen-Inovance-Technology-Co-Ltd-completed-the-acquisition-of-Shanghai-BST-Electric-Co-Ltd-fr-34098438/), 2019-10-31: "Shenzhen Inovance Technology Co.,Ltd completed the acquisition of Shanghai BST Electric Co., Ltd. from Zhao Jinrong, Wang Jun, and Zhu Xiaodi."

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