# Xiling Power to acquire 74.5% of Xinsanhe for $24M to boost aerospace business

Xiling Power Technology announced it will acquire 74.50% equity of Chengdu Xinsanhe Electromechanical Technology Development Co., Ltd. for 156 million yuan ($24 million). Xinsanhe focuses on aerospace manufacturing, and the acquisition aims to accelerate Xiling Power's aerospace business strategy.

- Type: Acquisition
- Announced: 2021-02-25
- Where: China
- Value: $24.0M (156.0M CNY)
- Status: announced
- Products: aerospace components, electromechanical products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Xiling Power Technology](https://endata.com/companies/53456.md) (acquirer)
- [Chengdu Xinsanhe Electromechanical Technology Development Co., Ltd.](https://endata.com/companies/53457.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/417234.html), 2021-02-25: "本次交易是贯彻公司推进航空业务发展战略的需要，本次交易完成后，将有利于加快公司在航空领域的布局。"

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