Bosch sells subsidiary to ZMJ
Print Edition
GERMANY’S Bosch said yesterday that it has sold its subsidiary making starter motors and generators to a Chinese buyer.
It did not disclose the price, but industry sources estimated it at more than 500 million euros (US$550 million).
The buyers are Zhengzhou Coal Mining Machinery Group Co (ZMJ) and Hong Kong-based China Renaissance Capital Investment, the German company said in a statement.
Their purchase of Robert Bosch Starter Motors Generators Holding GmbH (SG) is still subject to approval by antitrust and other authorities.
The buyers said they would keep the company’s almost 7,000 staff at 16 locations in 14 countries and regions.
“ZMJ will support SG in further expanding its competitive product portfolio,” the Chinese company’s CEO Jiao Chengyao said in a statement.
“Improved regional presence, especially in Asia, will allow SG’s business to be expanded sustainably and profitably.”
ZMJ is a Chinese automotive supplier, making starters and generators as well as engine components for commercial vehicles and passenger cars.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
