Reporter yesterday from the Ningbo Foreign Trade Bureau was informed that all wins by the Investment Group (based in Ningbo) initiated the acquisition of German counterparts Puri (Preh GmbH) Equity project was approved by the Ministry of Commerce. The successful implementation of the acquisition are pregabalin wins will have the number of core technologies, the company's technology will be significantly improved.

    In fact, leveraging counterparts overseas acquisitions to get the most advanced technology, has become China's Ningbo and the consensus of many auto parts companies. Since the financial crisis, China's private auto wave of acquisitions surging overseas counterparts, the city's Huaxiang Group, rhyme or shares, Sheng Group, and strength of enterprises also have to implement overseas mergers and acquisitions, which will improve Ningbo auto parts industry innovation accelerate Ningbo auto parts industry to grasp core technology Ningbo auto parts industry to promote technological progress and industrial upgrading.

    All wins will acquire 74.9% stake in Puri

    Headquarters are located in Ningbo Sheng is a national high tech enterprises, mainly involved in automotive electronic parts manufacturing, real estate development, investment and management business, its leading products Windshield washing system, air management system and so at home in fine sub market first. The Puri is located in Bavaria, Germany's auto parts supplier, the main R & D and manufacture of driver control systems, air conditioning control system, electronic control unit and sensor systems, automotive electronics, 2010, with annual sales of 3.5 billion euros.

    Last month, Germany Puri information through its official website, said the acquisition of Ningbo have won 74.9% of the shares of Purell, the two sides have signed the relevant agreements, the two sides together to create a sales of over 500 million euros in the business. Obviously, the German Puri is also hoping to expand the size of the acquisition of the vast China market.

    Recently, the reporter contacted Guo Zhiming, vice president of Ningbo are winning. He told reporters, "acquisitions also need the approval of the State Administration of Foreign Exchange, to complete the acquisition process. At present any information on this matter is not convenient." And from Ningbo Municipality sources said the investment group won all Ningbo The acquisition has been approved by the Ministry of Commerce. Prior to the foreign acquisition has been approved by the State Development and Reform Commission.

    Including a number of key technologies intended to "win-win"

    "The wins were 74.9% stake in the acquisition of Purell, but also including many key technologies. The acquisition will be a win-win." Guo Zhiming, said.

    Information inquiries from reporters found that pregabalin is a global technology leader in the German high-end auto parts company, founded in 1919, employs more than 2,500 people worldwide, including R & D staff 25%. Customers include global manufacturers of all high-end models. In recent years, Puri company's business has grown rapidly, even experienced financial crisis in 2008,2009, the average annual compound growth rate is still more than 10%. Annual sales reached 351 million euros in the first quarter, the company's sales increased by nearly one-third. In 2010, automotive electronics industry, patents for inventions on the list, Puri company more patents to 98 seventh highest in the industry, Delphi technology ranks, Continental Automotive Systems and other automotive parts giant before. BMW's iDrive and Audi's MMI system, a number of important technology patents owned by Puri. In 1988, BMW has developed a joint Puri world's first intelligent driving control system iDrive, attracted a large number of owners and the media attention and help BMW's technology leadership firmly secured the top spot. And the acquisition of Purell companies are winning nearly 75% stake, also include the number of core technologies.

    Guo Zhiming said that the acquisition based on the two sides set up for the Chinese market, a joint venture basis. "Last year in August, we have set up in Ningbo Auto Electronics Co., Ltd. Purell are wins. Now the two sides will further build a closer relationship." Guo Zhiming said.

    Municipality Deputy Director of the Overseas Investment Chapter East that have won the company the investment is very strategic vision. In the automotive electronics and other high-tech, high value-added sectors, the domestic enterprises and foreign enterprises there is a large gap. Both through the cross-border mergers and acquisitions group wins in product R & D, operational level, European and American sales channels and so will be quickly upgrade and enhance the company's core competitiveness. Germany Puri With this acquisition, not only to secure additional capital, but also open the door to the Chinese market, the high-end auto parts into China market.