# Guomao shares to acquire 65% stake in Modori Transmission

Guomao Co., Ltd. announced it will acquire a 65% stake in Modori Intelligent Transmission (Jiangsu) Co., Ltd. for approximately RMB 204.75 million, to enter the precision planetary gearbox market.

- Type: Acquisition
- Announced: 2023-11-08
- Where: China
- Value: $28.5M (204.8M CNY)
- Status: announced
- Products: precision planetary gearboxes, harmonic reducers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Guomao Co., Ltd.](https://endata.com/companies/73590.md) (acquirer)
- [Modori Intelligent Transmission (Jiangsu) Co., Ltd.](https://endata.com/companies/73591.md) (target)

## Sources

- [i.ifeng.com](https://i.ifeng.com/c/8UXy3r5RdfZ), 2023-11-08: "国茂股份(603915.SH)公告，公司拟以现金方式收购摩多利智能传动(江苏)股份有限公司(以下简称“摩多利传动”、“标的公司”)65%的股权，交易对价暂定为人民币2.0475亿元。"

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