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Haier Group acquires 10% stake in Shanghai STEP Electric · Endata

◂ Announcements

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

Feb 16, 2025ACQUISITIONShanghai, China

Haier Group acquires 10% stake in Shanghai STEP Electric

Haier Group acquired a 10% equity stake and 19.24% voting rights in Shanghai STEP Electric Corporation, becoming the indirect controlling shareholder. Haier also plans to subscribe to new shares, increasing its total stake to 26.83%.

Status

Completed

Productscontrol and drive systemsroboticselevator control solutions

CompaniesHaier acquirer Shanghai STEP Electric Corporation target

Sectors#Automation and Robotics #Industrial Machinery

“Haier Group has acquired a 10% equity stake and 19.24% voting rights in Shanghai STEP Electric Corporation.”haier.com

1 source
haier.comHaier Group Acquires 10% Stake in Shanghai STEP Electric, Strengthening Industrial Automation Leadership - Haier Group Official WebsiteFeb 16, 2025

Summarized from public sources; check the original articles before acting on it.

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