# Kobe Steel raises stake in Chinese compressor maker Wuxi Compressor to 70%

Kobe Steel has acquired an additional 25.7% stake in Wuxi Compressor from Wuxi Victor Group, raising its holding to 70% and making it a subsidiary. Wuxi Compressor makes non-standard process gas compressors in Wuxi, Jiangsu.

- Type: Acquisition
- Announced: 2020-06-03
- Where: Wuxi, Jiangsu Province, China
- Status: completed
- Products: non-standard process gas compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kobe Steel](https://endata.com/companies/6583.md) (acquirer)
- [Wuxi Compressor](https://endata.com/companies/6584.md) (target)
- [Wuxi Victor Group](https://endata.com/companies/6585.md) (partner)

## Sources

- [kobelco.co.jp](https://www.kobelco.co.jp/english/releases/1204283_15581.html), 2020-06-03: "Kobe Steel reached agreement with Wuxi Victor to acquire an additional 25.7% in Wuxi Compressor"

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