# Shanghai Electric Automation to acquire Ningsheng Industrial for 3.082 billion yuan

Shanghai Electric's wholly-owned subsidiary, Shanghai Electric Automation Group, plans to acquire 100% of Shanghai Ningsheng Industrial Co., Ltd. from Shanghai Electric Holdings for 3.082 billion yuan. Ningsheng Industrial holds a 50% stake in Shanghai FANUC Robotics, a joint venture with Japan's FANUC.

- Type: Acquisition
- Announced: 2024-10-18
- Where: China
- Value: $432.0M (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) (partner)
- [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) (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)

## Sources

- [stcn.com](https://stcn.com/article/detail/1358087.html), 2024-10-18: "本次交易实施完成后，发那科机器人将成为自动化集团间接持股50%股权的重要合营企业。"
- [en.wodexpo.com](https://www.en.wodexpo.com/mde/media/industry/204), 2024-11-14: "上海电气通过其全资子公司，从其控股股东手中将上海发那科核心资产揽入怀中。"

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