# Haide Control to acquire 75% stake in Xingzhida for 1.278 billion yuan

Haide Control plans to purchase 75% equity of Xingzhida, an industrial automation solutions provider, for 1.278 billion yuan via shares and cash. The deal aims to expand Haide Control's industrial control business.

- Type: Acquisition
- Announced: 2023-06-08
- Where: China
- Value: $179.0M (1.28B CNY)
- Status: announced
- Products: industrial automation products, system integration
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Haide Control](https://endata.com/companies/70765.md) (acquirer)
- [Xingzhida](https://endata.com/companies/70766.md) (target)

## Sources

- [sensor360.org](https://www.sensor360.org/news/detail/212817), 2023-06-10: "Haide Control plans to purchase 75% of the equity of Xingzhida held by eight counterparties by issuing shares and cash."

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