# Weihong Technology to acquire 100% of Nanjing Kaitong

Weihong Technology announced plans to acquire 100% of Nanjing Kaitong for 125 million yuan, paid through a mix of shares and cash, to strengthen its industrial motion control systems business.

- Type: Acquisition
- Announced: 2020-11-16
- Where: China
- Value: $19.0M (125.0M CNY)
- Status: announced
- Products: industrial motion control systems, CNC systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Weihong Technology](https://endata.com/companies/51343.md) (acquirer)
- [Nanjing Kaitong](https://endata.com/companies/51344.md) (target)

## Sources

- [gkong.com](http://www.gkong.com/news/102330.html), 2020-11-20: "The preliminary pricing of the target assets is 125 million yuan."

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