# 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%.

- Type: Acquisition
- Announced: 2025-02-16
- Where: Shanghai, China
- Status: completed
- Products: control and drive systems, robotics, elevator control solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Haier](https://endata.com/companies/5126.md) (acquirer)
- [Shanghai STEP Electric Corporation](https://endata.com/companies/17254.md) (target)

## Sources

- [haier.com](https://www.haier.com/global/press-events/news/20250221_256429.shtml), 2025-02-16: "Haier Group has acquired a 10% equity stake and 19.24% voting rights in Shanghai STEP Electric Corporation."

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