· Weichai Power: High-end mergers and acquisitions in overseas markets stimulate the vitality of enterprises
In September 2012, Weichai Power acquired a 70% stake in Linde Hydraulics, Germany. As an important supplier in the world of hydraulics, Linde is of great significance to Weichai in all aspects.
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Sun Shaojun, executive director of Weichai Power Co., Ltd. told reporters: "In addition to Linde Hydraulics, there are not many better hydraulic resources in the world. It should be said that the last piece has not been acquired or has not been integrated. â€
Linde Hydraulics Co., Ltd. and CEO of the two companies, Will said: "Weichai Power can bring us a lot of help, and we can share a lot of experience about the market. At the same time, we can share their series with us. client."
Germany is a world manufacturing power. “Made in Germany†has always been known for its durability, reliability and precision. At present, the German industry, following the three revolutions of mechanization, electrification and informatization, is opening the fourth industrial revolution represented by network, intelligence and green.
Hao Qinggui, deputy general manager of Weichai Power Hydraulic Technology Co., Ltd. told reporters: "In fact, there are nearly 4 million small and medium-sized enterprises in Germany, and there are more than 1,200 invisible (world) champions, that is, he is ranked in the industry ( The world's top three, such a status quo should be of great significance for China's equipment manufacturing industry."
Weichai Power's overseas M&A program has been brewing for a long time. In 2009, they acquired the French Baudouan Yacht Engine Company with a history of more than 130 years. Three years later, it acquired a 75% stake in the famous yacht manufacturer Italian Ferretti Group. Up to now, the acquired Ferretti Group has signed 18 new yacht orders in the Asia-Pacific market, with a total value of over 100 million euros.
Deeply cultivating the domestic market and aggregating global wisdom, Weichai Power has acquired technology and market through a series of overseas mergers and acquisitions, achieved product internationalization and brand globalization, and injected vitality to maintain its leading position in the power market.