Noblelift Intelligent Equipment plans to invest CNY419 million (USD61 million) to acquire Savoye, a French producer of automation programs for distribution centers. The acquisition will give Noblelift access to Savoye's cold chain technology and logistics management software.
Noblelift announced it plans to acquire all assets of SAVOYE, a European intelligent logistics equipment manufacturer and system integrator based in Dijon, France, for a total of 419 million yuan.
Noblelift Intelligent Equipment Co., Ltd. completed the acquisition of Savoye SA from Groupe Legris Industries for €32.3 million. The deal was announced on June 29, 2018 and completed on October 31, 2019.
Chinese forklift manufacturer Noblelift acquired French automated intralogistics company Savoye.