# Pacific Green Technologies to become majority shareholder in new Chinese JV with POWERCHINA SPEM

Pacific Green Technologies signed an MOU with POWERCHINA SPEM to incorporate a new company in China, with Pacific Green owning 50.1% and POWERCHINA SPEM 49.9%. The new company will market Pacific Green's emission control technologies.

- Type: Acquisition
- Announced: 2017-08-16
- Where: China
- Status: announced
- Products: ENVI-Systems emission control technology
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Pacific Green Technologies](https://endata.com/companies/26293.md) (acquirer)
- [POWERCHINA SPEM](https://endata.com/companies/26294.md) (partner)

## Sources

- [pacificgreen.com](https://www.pacificgreen.com/articles/pacific-green-technologies-signs-memorandum-understanding-become-majority-shareholder-new/), 2017-08-16: "We now have a long term structure and platform for our business in China and Southeast Asia."

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