# TBEA Hengyang Transformer to acquire Xinjiang TBEA Auto Control Equipment for CNY 420 million

TBEA's subsidiary Hengyang Transformer (Hengbian) will acquire all shares of Xinjiang TBEA Auto Control Equipment (Zikong) from TBEA Group for CNY 420 million, to expand its switchgear product line.

- Type: Acquisition
- Announced: 2023-07-28
- Where: China
- Value: $58.5M (420.0M CNY)
- Status: announced
- Products: medium and low voltage switchgear, intelligent distribution network electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TBEA](https://endata.com/companies/3835.md) (partner)
- [TBEA Hengyang Transformer](https://endata.com/companies/43763.md) (acquirer)
- [Xinjiang TBEA Auto Control Equipment](https://endata.com/companies/71685.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/967677.html), 2023-07-28: "衡变公司以自有资金受让全部自控公司股权，受让总价款按照自控公司股东全部权益评估值确定为4.20亿元。"

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