# 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.

- Type: Acquisition
- Announced: 2024-10-31
- Where: Kaiserslautern, Germany
- Value: $9.20M (8.50M EUR)
- Status: announced
- Products: ultra-precision spindles, oil-free bearings, air-bearing spindles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hunan SUND Technological](https://endata.com/companies/80672.md) (acquirer)
- [Levicron](https://endata.com/companies/80673.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-sund-soars-on-plan-to-acquire-germanys-levicron-for-at-least-usd92-million), 2024-10-31: "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."

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