Following the acquisition of Germany's Rene and Sa-solid density, the German auto parts maker Kai Sai Man is also wearing a Chinese auto parts enterprises CITIC card reverted to the bag. To improve the competitiveness of the future of technology, capital-prepared Chinese auto parts enterprises to foreign acquisitions has become a trend.

    Roland Berger Strategy Consultants Roland Berger, founder of the company's July 12 release entitled "the taste of Chinese companies - companies are buying in emerging economies, the European auto parts companies," the study said, the acquisition of Chinese enterprises overseas enterprises Accessories great interest in the past year, the acquisition of German-speaking only in case it has more than doubled, is now actively participate in the 20-30 acquisition of German parts business negotiations. Reports that since the German car companies in China accounted for a large part of the global profits, German companies do not want to jeopardize the interests of the Chinese market, foreign acquisitions of Chinese companies have been opposed to the default behavior for the long-term post-merger has provided a guarantee.

    Chinese companies to gain new market share and technical know-how, the acquisition of the Western parts of the company is interested in, and the acquired companies are hoping China's cost advantage to improve their competitiveness.

    Some foreign media reports, the latest in the acquisition case is located in Qinhuangdao City, Hebei Province, the world's largest manufacturer of aluminum wheels CITIC Dicastal Wheel Manufacturing Co., Ltd., from the German private equity firms Cognetas acquire German auto parts maker Kai Man World Casting Company, This is by far the first time overseas, CITIC Dicastal implementation of the acquisition, at present, the deal's financial details have not been made public, but close to the world Kai Man's sources said, the transaction amount 300 million euros. Kai Sai Man employs 2,700 people, mainly manufacture automotive engine and transmission related parts, Volkswagen and Daimler is an important supplier. As of the end of March this year in the previous fiscal year, the company achieved Kay World Man 400 million euros sales.

    However, the reporter wearing a card from the CITIC Wheel Manufacturing Co., the parent company - the official website noted that CITIC Group, CITIC Dicastal Wheel Manufacturing Co., Ltd. for three consecutive years the world's largest manufacturer of aluminum wheels in 2010, CITIC Dicastal Wheel Manufacturing Co., Ltd. Annual sales of aluminum wheels 20.68 million, an increase of 56%, net profit of 120 million yuan, an increase of 24.6%, 50% of its products exported to international markets in the international arena as a GM, Ford, Chrysler, Audi, Germany , Volkswagen, Mercedes-Benz, BMW, Honda, Toyota and other leading auto manufacturers in the domestic market as Chery, BYD, Geely and other auto manufacturers supporting.

    For specific details of the acquisition, CITIC Dicastal Wheel Manufacturing Co., Ltd. General Manager's office who refused to disclose details of the comment. Even so, parts enterprises in China has become the trend of overseas acquisitions, the German company manufacturing assets is causing great interest in Asia, following China's vehicle market in exchange for technology enterprises through the failure of the Chinese authorities began to encourage the Chinese parts enterprises through overseas acquisitions to improve their skills.

    CITIC wearing a card, has two Chinese companies completed the acquisition of German auto parts manufacturers, namely Chongqing Textile Holding (Group) acquisition of German Samoa solid dense groups, the Chinese have won the German Investment Group Co., Ltd. acquired general Ray Co., Ltd. a majority stake. Number of acquisitions that the Chinese government to promote the automobile manufacturing, machinery manufacturing and other strategic industry determination. According to public information, this year, China has acquired in Western Europe by 34 companies, the total deal size of up to $ 7.74 billion, five times over the same period last year.