# Shanghai Electric to acquire Ningsheng Industrial for 3.082 billion yuan

Shanghai Electric's subsidiary Shanghai Electric Automation Group will acquire 100% of Ningsheng Industrial from Shanghai Electric Holdings for 3.082 billion yuan. Ningsheng holds stakes in Shanghai Fanuc Robotics, an industrial robot joint venture with FANUC.

- Type: Acquisition
- Announced: 2024-10-18
- Where: Shanghai, China
- Value: $425.0M (3.08B CNY)
- Status: announced
- Products: industrial robots, factory automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Shanghai Electric](https://endata.com/companies/1068.md) (acquirer)
- [Shanghai Electric](https://endata.com/companies/1068.md) (target)
- [Fanuc](https://endata.com/companies/11003.md) (partner)
- [Shanghai FANUC Robotics Co., Ltd.](https://endata.com/companies/52040.md) (target)
- [Shanghai Ningsheng Industrial](https://endata.com/companies/80500.md) (target)
- [Shanghai Electric Automation Group](https://endata.com/companies/80501.md) (acquirer)
- [Shanghai Fanuc](https://endata.com/companies/80529.md) (target)
- [Ningsheng Industrial](https://endata.com/companies/81002.md) (target)
- [Fanuc Robot](https://endata.com/companies/81115.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1196229.html), 2024-10-18: "上海电气(601727.SH)公告，公司全资子公司上海电气自动化集团有限公司拟以现金方式收购上海电气控股集团有限公司持有的上海宁笙实业有限公司100%股权，交易价格为人民币30.82亿元。"
- [yicaiglobal.com](https://www.yicaiglobal.com/news/shanghai-electric-hits-limit-up-on-plan-to-take-over-robotics-jv-shanghai-fanuc), 2024-10-21: "Shanghai Electric said it intends to pay CNY3.08 billion for a 50 percent stake in Shanghai Fanuc."
- [en.wodexpo.com](https://www.en.wodexpo.com/news/industry-news/265), 2024-11-14: "The transaction will further advance the company's strategic layout in the automation equipment industry in the fields of lithium batteries, photovoltaics, aviation, and automotive manufacturing."
- [sango-automation.com](https://www.sango-automation.com/news/regarding-the-acquisition-of-fanuc-robot-shan-82410548.html), 2024-11-18: "The acquisition of Fanuc Robotics is a powerful measure for the company to actively respond to the 'Made in China 2025' strategy."

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