# Girbau Group acquires full ownership of Chinese joint venture GSLT

The Girbau Group acquired the entire share capital of its Chinese joint venture Girbau Shenguang Laundry Technology (GSLT), making it a wholly owned subsidiary. The acquisition was announced on April 22, 2020.

- Type: Acquisition
- Announced: 2020-04-22
- Where: Shanghai, China
- Status: completed
- Products: professional laundry solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Girbau Group](https://endata.com/companies/46716.md) (acquirer)
- [Girbau Shenguang Laundry Technology](https://endata.com/companies/46717.md) (target)

## Sources

- [laundryledger.com](https://laundryledger.com/girbau-group-acquires-chinese-joint-venture-gslt/), 2020-04-22: "The Girbau Group has announced its acquisition of the entire share capital of its Chinese joint venture Girbau Shenguang Laundry Technology."

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