Hunan SUND Technological to acquire Germany's Levicron for at least EUR 8.5 million

Hunan SUND Technological, a Chinese bearing supplier, signed a letter of intent to acquire 100% of German ultra-precision spindle maker Levicron for at least EUR 8.5 million (USD 9.2 million). The deal aims to expand SUND's product portfolio into oil-free bearings and air-bearing spindles and enhance its overseas presence.

“SUND has penned a letter of intent to acquire 100 percent equity in Levicron, which is a manufacturer of ultra-precision spindle solutions for CNC milling, grinding and turning.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s SUND Soars on Plan to Acquire Germany’s Levicron for at Least USD9.2 MillionTang ShihuaOct 31, 2024

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