# China Avionics Systems completes acquisition of AVIC Electromechanical Systems

China Avionics Systems Co., Ltd. completed the acquisition of AVIC Electromechanical Systems Co., Ltd. for CNY 48.5 billion via a share exchange, approved by regulators and shareholders.

- Type: Acquisition
- Announced: 2023-03-16
- Where: China
- Value: $6.70B (48.5B CNY)
- Status: completed
- Products: avionics systems, electromechanical systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Electromechanical Systems](https://endata.com/companies/17098.md) (target)
- [China Avionics Systems Co., Ltd.](https://endata.com/companies/69163.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AVIC-AIRBORNE-SYSTEMS-CO--8557640/news/China-Avionics-Systems-Co-Ltd-completed-the-acquisition-of-AVIC-Electromechanical-Systems-Co-Ltd-43309420/), 2023-03-16: "China Avionics Systems Co.,Ltd. (SHSE:600372) agreed to acquire AVIC Electromechanical Systems Co.,Ltd (SZSE:002013) for CNY 48.5 billion on June 10, 2022."

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