Girbau acquires 100% of the capital of GSLT (China)

The Girbau Group has announced its acquisition of the entire share capital of its Chinese joint venture Girbau Shenguang Laundry Technology (GSLT).  As a result, GSLT becomes a subsidiary which is 100% controlled directly by the Girbau Group.

Based in Vic (Spain), Girbau provides professional laundry solutions for the industrial, commercial and vended sectors, operating in more than 100 countries, with 16 subsidiaries in Europe, North and Latin America, Oceania and Asia. GSLT is the result of the joint venture founded in 2017 by the Girbau Group and Shenguang, the Chinese laundry machinery manufacturer. The Girbau Group, which until now had a majority stake in the company, is taking complete control after the purchase of the remaining shares from its partner.