# INVT to acquire minority stake in Wuxi INVT for full ownership

INVT (002334.SZ) announced it will acquire the remaining 24.7454% equity in Wuxi INVT from minority shareholders for RMB 20.29 million, making Wuxi INVT a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2023-01-11
- Where: China
- Value: $3.00M (20.3M CNY)
- Status: announced
- Products: industrial automation solutions, elevator control systems, variable frequency drives, servo control technology
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [INVT](https://endata.com/companies/56258.md) (acquirer)
- [Wuxi INVT](https://endata.com/companies/67803.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/860381.html), 2023-01-11: "通过全资控股无锡英威腾，使公司在电梯控制市场能够与英威腾变频器、伺服控制技术形成较强的协同效应"

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