# Phase Motion Control acquires majority stake in OSAIcnc from Prima Electro

Phase Motion Control Ningbo Ltd. acquired a majority stake in OSAIcnc S.r.l., a leader in motion control and CNC systems, from Prima Electro S.p.A. The deal includes ancillary agreements for future cooperation.

- Type: Acquisition
- Announced: 2020-02-07
- Where: Italy
- Status: announced
- Products: motion control systems, CNC systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Phase Motion Control Ningbo Ltd.](https://endata.com/companies/45097.md) (acquirer)
- [OSAIcnc S.r.l.](https://endata.com/companies/45098.md) (target)
- [Prima Electro S.p.A.](https://endata.com/companies/45099.md) (partner)

## Sources

- [cm.twobirds.com](https://cm.twobirds.com/en/news-and-deals/2020/italy/02-febbraio-phase-motion-control-acquisizione-di-osaicnc), 2020-02-07: "The parties have entered into an agreement for the sale and purchase of a majority stake and other ancillary agreements aiming at strengthening their future cooperation on the management of OSAIcnc S.r.l."

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