# Grammer agrees to $889M takeover by Ningbo Jifeng Auto Parts affiliates

Grammer AG agreed to a buyout offer by affiliates of Chinese partner Ningbo Jifeng Auto Parts Co. valuing the German vehicle seat maker at about EUR 770 million ($889 million). The supervisory board endorsed the EUR 60 per share offer plus a EUR 1.25 dividend.

- Type: Acquisition
- Announced: 2018-05-28
- Where: Germany
- Value: $889.0M (770.0M EUR)
- Status: announced
- Products: vehicle seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Grammer](https://endata.com/companies/32001.md) (target)
- [Ningbo Jifeng Auto Parts Co.](https://endata.com/companies/32186.md) (acquirer)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2018-05-28/ningbo-jifeng-is-said-to-weigh-872-million-offer-for-grammer), 2018-05-28: "Grammer AG agreed to a buyout offer by affiliates of Chinese partner Ningbo Jifeng Auto Parts Co. that values the German maker of vehicle seats at about 770 million euros ($889 million)."
- [cnbc.com](https://www.cnbc.com/2018/05/29/reuters-america-update-2-chinese-firm-to-snap-up-german-auto-supplier-grammer.html), 2018-05-29: "The two companies signed a business combination agreement on Tuesday under which Ningo would offer 61.25 euros per share for Grammer, valuing the group at around 772 million euros ($893 million), including dividends."

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