# Shanghai Chaozhuo to acquire 100% of Xiangyang Jiade Machinery for CNY 50M

Shanghai Chaozhuo Metal Materials, a subsidiary of Hubei Chaozhuo Aviation Technology, will acquire 100% of Xiangyang Jiade Machinery for CNY 50 million to expand additive manufacturing applications.

- Type: Acquisition
- Announced: 2022-11-22
- Where: Xiangyang, China
- Value: $7.00M (50.0M CNY)
- Status: announced
- Products: additive manufacturing, metal components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Shanghai Chaozhuo Metal Materials](https://endata.com/companies/66792.md) (acquirer)
- [Hubei Chaozhuo Aviation Technology](https://endata.com/companies/66793.md) (partner)
- [Xiangyang Jiade Machinery](https://endata.com/companies/66794.md) (target)

## Sources

- [stock.cngold.org](https://stock.cngold.org/c/2022-11-22/c8407738.html), 2022-11-22: "为满足公司战略发展规划需求，拓展增材制造技术应用场景，探索该技术在工业零部件制造领域的具体应用，丰富公司的产品矩阵，促进公司业务的快速发展"

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