# XJ Electric to acquire Harbin Electric Instrument Research Institute for 440M yuan

XJ Electric (000400.SZ) announced it will acquire 100% of Harbin Electric Instrument Research Institute (哈表所) from XJ Group for 440 million yuan in cash, to enhance its smart metering business and international standards influence.

- Type: Acquisition
- Announced: 2023-12-06
- Where: China
- Value: $61.6M (440.0M CNY)
- Status: announced
- Products: electricity meters, instrument transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [XJ Electric](https://endata.com/companies/20529.md) (acquirer)
- [XJ Group](https://endata.com/companies/24013.md) (partner)
- [Harbin Electric Instrument Research Institute](https://endata.com/companies/74223.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1034598.html), 2023-12-06: "收购哈表所100%股权将进一步提升公司智能用电领域行业影响、国内国际标准制定、市场开拓等核心竞争力"

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