Vohringer Home Technology (SHA:603226) agreed to acquire a 51% equity interest in Nanjing Keruisi Automation Technology for 214.2 million yuan, according to a Tuesday filing to the Shanghai bourse.
Nanjing Keruisi Automation Technology specializes in automation equipment for printed circuit board (PCB) lamination processes, including cutting machines, riveting machines and pre-stacking lines.
Shares of the household furniture manufacturer closed 2% higher Tuesday.
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