According to reports, the world's leading auto parts companies have recently completed three new joint ventures in China mergers and acquisitions, so as to make its investment in China reached 17.
Previously, the world 500 strong enterprises Delphi, Honeywell and other auto parts giants have been pre empted, investment in China set up new plants or to establish a global research and development center, in China, the world's growth the fastest car market to consolidate their position, to speed up the expansion and poised.
A series of investment and mergers and acquisitions show that in the Chinese vehicle market ups and downs of the occasion, in the past behind the scenes of automobile parts enterprises are quietly to the front desk, to step up the expansion of the Chinese market.
Visteon's latest three mergers and acquisitions, including with SAIC and the parties to the joint venture Yanfeng Visteon automotive electronics company jointly funded, the overall merger Jiangsu toppower Tech Co., Ltd, and restructured into Jiangsu toppower Automotive Electronics Co., Ltd.; jointly acquired at Shaoxing, Zhejiang the betung Instrument Co., Ltd. 51.85% stake in, formation of Yan Feng Visteon excelsior Automobile Instrument Co., Ltd.; and Taiwan tiweixi traffic Industrial Co., Ltd. was established as a joint Visteon TYC auto lamp Co., Ltd..
According to the Visteon's planning, to form a new Jiangsu toppower automotive electronics company, will create a first-class car audio electronic components and related manufacturing center; Yanfeng Visteon excelsior automobile instrument company engaged in building a first-class automobile instrument manufacturing base; and the newly formed the joint venture car company, will take the lead in Changzhou put into operation, and plans to in short-term within China north vehicle manufacturing base in Changchun extension to become Visteon and TYC in the Asia Pacific region market for automotive lighting systems to achieve original equipment strategy of the platform.
We are very much looking forward to with SAIC, TYC, old and new cooperation partners Qiangqiang jointly can effectively promote the development of China's auto market, "Visteon Asia Pacific President Robert Palmer rush said," three mergers and acquisitions once again proved, Visteon has in the Asia Pacific region, especially China out of the a road to success. " And just participate in the Honeywell turbocharger global R & D center celebration of Honeywell transportation company global President Nguyen Ryan, also repeatedly stressed the "long-term investment in China's auto market confidence and determination."
In fact, China's vehicle market growth momentum slowed and is between enterprises have generally adopted the reduction of the synergistic actions, auto parts enterprises to provide the perfect timing for integration. Although he refused to disclose the acquisition action, the cost of funds, but is responsible for Visteon Asia Pacific Strategic Affairs and foreign investment director Ding Ruijiu said: "Visteon in China's business model. It is proved that the joint venture is to expand the business." He said that the company will continue to "joint venture" as the dominant, continue to explore opportunities for cooperation in the Chinese market, to enhance the participation of China's auto industry.
The personage inside course of study thinks, Visteon the M & A action selection is in the local enterprises in the industry has a certain foundation and strength, and scope were the core business fields in automotive electronics, lighting systems such as Visteon, coupled with the three companies are located in East China and North East China vehicle production base in the region, to its fast and efficient to accept the whole enterprise radiation, and realize the linkage between business and further strengthen the dominant position in China's professional market.
The expert further pointed out that China's auto parts enterprises have been scattered, chaotic, small common problem. Multinational companies through to local enterprises mergers and acquisitions, in shorter time and lower cost to the rapid expansion of business, can enter the advanced technical resources and higher quality of service, and local business structure in application of smart, quick change management mechanism, in a timely manner to meet changing customer needs, thus a full range enhance the core competitiveness of enterprises. He expected that, for some time, the use of mergers and acquisitions to accelerate the layout of the Chinese market, the international auto parts manufacturers will continue to increase.
