# Sanhua Holding to acquire Ningbo Fuerda Smartech and Shanghai Fuyulong Car Tech for CNY 2B

Sanhua Holding Group agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts for CNY 2 billion. The deal includes a 70% first installment payment upon signing.

- Type: Acquisition
- Announced: 2018-07-02
- Where: China
- Value: $300.0M (2.00B CNY)
- Status: announced
- Products: automotive parts, car technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sanhua Holding Group](https://endata.com/companies/3620.md) (acquirer)
- [Beijing WKW Automotive Parts](https://endata.com/companies/24031.md) (target)
- [Ningbo Fuerda Smartech](https://endata.com/companies/32863.md) (target)
- [Shanghai Fuyulong Car Technology](https://endata.com/companies/32864.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/BEIJING-FENGJING-AUTOMOTI-11987615/news/Sanhua-Holding-Group-Co-Ltd-agreed-to-acquire-Ningbo-Fuerda-Smartech-Co-Ltd-and-Shanghai-Fuyul-34659833/), 2018-07-01: "Sanhua Holding Group Co., Ltd. agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. for CNY 2 billion."

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