Since Saab became a major owner, overseas mergers and acquisitions by passenger vehicle manufacturers have temporarily come to an end due to the scarcity of resources. Judging from the recent cases of overseas M&A, the main players of overseas M&A are commercial vehicles and parts and components. For example, youth vehicles acquire Weisheng Bus in Germany, the automotive industry Xinjun Hengtian Group acquires Dutch heavy truck companies, and distributor group Sichuan Bochung acquires Canadian auto parts supplier, Ningbo Huaxiang acquired a German auto parts company.
Hengtian Group Acquires Dutch Heavy Truck Company With 9 Million Euros On July 25th, the domestic textile equipment manufacturing giant Hengtian Group successfully acquired GINAF, a Dutch heavy truck company, for 9 million euros (about 76 million yuan). This expansionary move has allowed the Hengtian Group's plans to enter the auto market to surface further.
The contents of the approval issued by the Hubei Provincial Development and Reform Commission on the acquisition of the GINAF project shows that New Chu Feng has acquired 100% of the shares of Hong Kong Sunnyland and actually controls the technology, brand and assets of the Dutch GINAF truck owned by Sunny, which can be used by the new Chu Feng. Development of a full range of tractors, chassis and mining dump trucks, and development of bus services in Europe.
According to the data, GINAF was founded in 1948. It is a manufacturer specializing in the production of special vehicles in the Netherlands. Its main business is custom dump trucks and concrete transporters, and its products are positioned in the high-end market. In addition, GINAF can also customize firetrucks, riot control vehicles, military vehicles, garbage trucks, and airport fuel vehicles. The inherent business framework of GINAF conforms to the idea of ​​creating high-end special-purpose vehicle products proposed by Zhang Jie.
Hengtian Group has conducted technical cooperation with foreign companies in various ways. Previously, Hengtian Group has acquired a German research institute, which enables Xinchufeng to develop highly competitive engines with unlimited fuel, low fuel consumption, and small displacement, which will become the future profit growth of New Chufeng. point. At the end of last year, the company also cooperated with a Canadian company to produce an “emergency emergency vehicle†with a unit price of 5 million yuan to 8 million yuan, which is expected to be soon brought to market. This time, the Dutch GINAF was chosen for its technology, brand and market strength in non-road vehicles, mining vehicles and other fields. It is expected that in October this year, the products that represent the new ideas of the Hengtian Group will be officially launched.
Baoding Hengtian Automobile Investment Co., Ltd., a subsidiary of the Hengtian Group, has already acquired a modified car factory in Hebei and is expected to complete the asset transfer in September. In addition, Hengtian Motors will also plan to acquire a Henan automobile plant next year to enter the vehicle production field.
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