# Shenyang Machine Tool to acquire assets for 1.724 billion yuan

Shenyang Machine Tool announced plans to acquire 100% of Zhongjie Factory and Zhongjie Aerospace from General Technology Shenyang Machine Tool Group, and 78.45% of Tianjin Tianduan from General Technology Machine Tool Company, for a total of 1.724 billion yuan. The deal aims to expand its high-end product portfolio and resolve competition issues.

- Type: Acquisition
- Announced: 2024-04-02
- Where: China
- Value: $238.0M (1.72B CNY)
- Status: announced
- Products: CNC cutting machine tools, hydraulic presses, five-axis machining centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shenyang Machine Tool Group](https://endata.com/companies/17056.md) (acquirer)
- [General Technology Shenyang Machine Tool Group](https://endata.com/companies/76560.md) (partner)
- [General Technology Machine Tool Company](https://endata.com/companies/76561.md) (partner)
- [Zhongjie Factory](https://endata.com/companies/76562.md) (target)
- [Zhongjie Aerospace](https://endata.com/companies/76563.md) (target)
- [Tianjin Tianduan](https://endata.com/companies/76564.md) (target)

## Sources

- [stcn.com](https://www.stcn.com/article/detail/1165717.html), 2024-04-02: "本次交易有助于上市公司形成完善的产品矩阵，突出高端数控机床制造能力"

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