# Sine Electric to acquire Tenghe Precision Motor for 42.56 million yuan

Shenzhen Sine Electric Co., Ltd. announced plans to acquire 100% of Tenghe Precision Motor (Suzhou) Co., Ltd. for 42.56 million yuan, and invest an additional 12 million yuan to upgrade its production. The acquisition is part of a change in the company's fundraising project.

- Type: Acquisition
- Announced: 2024-10-08
- Where: Suzhou, China
- Value: $5.90M (42.6M CNY)
- Status: announced
- Products: servo motors, precision motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Shenzhen Sine Electric Co., Ltd.](https://endata.com/companies/80286.md) (acquirer)
- [Tenghe Precision Motor (Suzhou) Co., Ltd.](https://endata.com/companies/80287.md) (target)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2024-10-08/doc-incrukxm1280030.shtml), 2024-10-07: "The company intends to use the raised funds to acquire 100% equity of Tenghe Precision Motor (Suzhou) Co., Ltd. and upgrade its production."

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