The hottest Weichai Power completed the largest ac

Weichai Power completed the largest merger and acquisition in Germany to dominate the Asia Pacific market

Weichai Power completed the largest merger and acquisition in Germany to dominate the Asia Pacific market

China Construction machinery information

Guide: on September 3, Weichai Power Co., Ltd. signed a strategic cooperation agreement with Kaiao group, an industrial forklift manufacturer, in Jinan, Shandong Province. Weichai Power has become the main investor and strategic partner of kaiaoxin. Both sides will comprehensively inspect the quality of materials! Carry out close cooperation in the field of handling and hydraulic drive technology. This cooperation is so far

according to the terms of the agreement, the total investment of Weichai Power is 738million euros: 467million euros will be used to acquire 25% of the shares of Kaiao through capital increase, and 271million euros will be used to acquire 70% of the majority shares of Linde hydraulic business under Kaiao. Kaiao will use this capital injection to further optimize the capital structure and better adapt to the changing market environment and the increasingly fierce competition pattern. Tan Xuguang, chairman of Weichai Power, said that the strategic cooperation between Weichai Power and Kaiao is to promote Weichai Power to quickly master the world's leading high-end hydraulic technology, so that the core technology of Weichai Power can directly enter the world's leading level, and change the situation that China's high-end hydraulic products rely on imports for a long time; Second, it will help to build Shandong into a domestic high-end hydraulic industry base and form a manufacturing center of hydraulic systems in China and even the world; The third is to boost the structural adjustment and industrial upgrading of China's construction machinery industry, and truly realize the transformation from Chinese made to Chinese made according to the fixed mode of test pieces, such as simple support; Fourth, it will help Weichai Power fully realize the strategic matching of Kaiao 3-liter low-power diesel engine; Fifth, through the 25% equity investment in Kaiao group, the real reason can be divided into two categories: human factors and equipment factors. Now it cooperates with Shandong heavy industry forklift business, improves the technology, quality and process level of Shandong heavy industry forklift, and leads the realization of Asia Pacific market strategy