Recently, in the 2015 list of the top 20 Chinese overseas mergers and acquisitions released by Chenshao.com, a well-known domestic cross-border M & A service consulting platform, our company acquired 100% equity of Germany's WEGU, the world's top seismic and noise reduction company, with 95 million euros and was among them.
In recent years, in order to vigorously implement the "going out" strategy, Zhongding has frequently made overseas acquisitions. It has successively incorporated US Cooper, Precix, and German KACO into its subsidiaries, and has established research and development centers in Europe and the United States, which has greatly improved Zhongding. Technical strength and international competitiveness.
In 2015, Zhongding acquired the German company WEGU. The company has a strong R & D team and a full range of silent noise reduction system solutions, and can provide intelligent solutions for automobile assemblies and electric vehicles. The main products are exhaust noise reduction damping system, power system noise reduction damper, chassis system noise reduction damper, steering system noise reduction damper; the products are mainly used by BMW, Mercedes-Benz, Audi, Land Rover and other world's top host manufacturers. The acquisition of WEGU will enable Zhongding to gradually break the long-term monopoly position of foreign manufacturers in the automotive high-end shock absorption product market. From the perspective of revitalizing China's industrial basic parts industry, Zhongding's acquisition of WEGU will enhance Chinese auto parts The international competitiveness in this field is of great significance to the development of enterprises and domestic industries. This is also the main reason for Zhongding to be shortlisted in the top 20 overseas mergers and acquisitions.