M&A Deal Summary

Cubic Acquires LOPE Thermal Technology

On June 13, 2024, Cubic acquired manufacturer LOPE Thermal Technology

Acquisition Highlights
  • This is Cubic’s 2nd transaction in the Manufacturing sector.
  • This is Cubic’s 2nd transaction in China.

M&A Deal Summary

Date 2024-06-13
Target LOPE Thermal Technology
Sector Manufacturing
Buyer(s) Cubic
Deal Type Add-on Acquisition

Target

LOPE Thermal Technology

China
LOPE Thermal Technology is a domestic professional manufacturer of condensing heat exchangers. It is engaged in the research and development, production and sales of condensing heat exchangers for the core accessories of gas wall-hung boilers. LOPE Thermal Technology was formed in 2004 and is headquartered in China.

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Buyer(S) 1

Buyer

Cubic

Wuhan, China

Category Company
Founded 2003
Sector Test/Measurement Equipment
Revenue 692M CNY (2023)
DESCRIPTION

Cubic is a gas sensors and gas analyzers. Cubic has obtained over 100 patents and manufactures abundant products widely for various fields. With decade-long dedications to technical innovations, strict quality control and global business strategies, Cubic has obtained the recognition of domestic and overseas leading companies in different fields. Cubic products have been exported to over 80 countries and regions. Cubic was founded in 2003 and is headquartered in Wuhan, China.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (China) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Jingding Electric

Guangzhou, China

Jingding Electric is a technology company and specializing in researching and developing, manufacturing and selling various types of gas controlling valve, gas proportional valve, gas-air proportional valve, pressure maintaining valve, water flow sensor, water proportional valve, electric controlled water flow switch valve etc. Jingding Electric was formed in 2005 and is headquartered in Guangzhou, China.

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