# Nexion Group and Bright Technology form joint venture

The Nexion Group and China's Bright Technology formed a joint venture, led by Nexion, to create an industrial group with over €200 million revenue and 1,300 employees.

- Type: Acquisition
- Announced: 2017-06-01
- Status: announced
- Products: tire mounting machines, wheel balancing machines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nexion Group](https://endata.com/companies/17224.md) (partner)
- [Bright Technology](https://endata.com/companies/17225.md) (partner)

## Sources

- [reifenpresse.de](https://reifenpresse.de/2017/06/01/nexion-gruppe-will-kritische-masse-im-joint-venture-mit-bright-technology-bilden/), 2017-06-01: "Die Nexion-Gruppe und Bright Technology aus China haben ein Joint Venture gegründet."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.