To expand the business scope of auto parts companies to take frequent actions
In the near future, through the observation of the dynamics of auto parts companies, it is not difficult to find that auto parts companies have frequently “acquired†movements at the end of the year. The reason for this is that companies want to take advantage of ways to expand their business scope and obtain more substantial benefits in the coming year. After summing up, we have concluded that there are three main areas for expanding the business of auto parts manufacturers. The first is to expand the business scope of the new market segment; the second is to expand the business scope of the Asian market. Weighing Scale Pallet Truck,Hand Pallet Weighing Scale,Electronic Scale Truck Transpallet,Electric Scale Hand Pallet Truck GUANGDONG NIULI LOGISTICS MACHINERY TECHNOLOGY CO.,LTD. , https://www.gdniulilogistics.com
First, expand the business scope of new market segments.
German spare parts supplier Webbast has announced that it has completed the acquisition of the Diavia cooling system business of Delphi Automotive Systems.
As early as mid-March this year, Webster had announced that it had reached an agreement with Delphi Italia Automotive Systems, which will acquire the latter's Diavia cooling system business, but it still needs the approval of relevant departments.
Delphi's Diavia cooling system is mainly used for off-highway and special purpose vehicles.
Joachim Damasky, a member of Wei Buster's management board, said: “Acquiring the Diavia cooling system business will help expand the product lineup for off-highway and special purpose vehicle cooling systems.â€
Anand Group, a manufacturer of automotive systems and components in India, recently announced that it has jointly formed a joint venture with MandoSteering Systems India and acquired a share of the latter.
On October 29th this year, a joint venture company was established with South Korea's Mando Group and some of the latter’s shares were acquired. However, Anand Group did not provide detailed information on the size and specific amount of the transaction.
The target set by Mando and the Anand Group for the new company is to achieve sales of INR 1 billion (approximately US$19 million) in 2016. Both parties hope to achieve a wide range of collaboration in product development and company operations through the establishment of a new company. Effect and enter new customer segments to gain wider customer influence.
Second, expand the scope of business in the Asian market.
According to reports, the A123 is priced at 783 million yuan.
For this acquisition, Zhang Jinhua, deputy secretary-general of the China Association of Automotive Engineers, believes that the acquisition of A123 system company is a win-win deal for Wanxiang Group. Wanxiang Group can not only acquire more advanced battery and new energy technologies, but also enhance product competitiveness. And can also use this to increase the sales of Wanxiang Group in the US market; A123 Systems can increase its access to the Chinese automotive market through Wanxiang Group.
The Bosch Automotive Aftermarket Division plans to acquire the Unipoint Group and its affiliates and the Unipoint and NSA brands. The acquisition of the Unipoint Group by Bosch Automotive Aftermarket Division is to consolidate its leading position in engines and generators and to invest in temperature control. Bosch also acquired an Asian wiper production base.
Robert Hanser, Chairman of the Board of Directors of Bosch Automotive Aftermarket Division, stated that the goal of this acquisition is to consolidate the leading position of Bosch engine, generator, temperature control and wiper suppliers, and also to expand its business in Asia.
Valeo, Europe’s second-largest automotive parts manufacturer, issued a statement that it has obtained an 80% stake in Chery Lighting, a subsidiary of China’s Chery’s Wuhu Chery Technology, but has not disclosed the amount involved.
After the acquisition is completed, Chery Lighting will be renamed Wuhu Valeo Automotive Lighting System. (WuhuValeoAutomotiveLightingSystems), merged with Valeo's own lighting system company. Valeo said that this merger is in line with its strategy to develop the Chinese and Asian markets.