# Ningbo Jinfeng Auto Parts plans acquisition of Grammer AG

Chinese automotive supplier Ningbo Jinfeng Auto Parts plans to acquire German competitor Grammer AG, with management support and a job guarantee for 7.5 years; Ningbo Jinfeng already holds 25% of Grammer shares.

- Type: Acquisition
- Announced: 2018-07-05
- Where: Amberg, Germany
- Status: announced
- Products: automotive seat components, headrests, armrests, interior components, seats for commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Grammer](https://endata.com/companies/32001.md) (target)
- [Ningbo Jinfeng Auto Parts](https://endata.com/companies/32949.md) (acquirer)

## Sources

- [china-certification.com](https://www.china-certification.com/en/chinese-automotive-supplier-ningbo-jinfeng-auto-parts-plans-acquisition-of-german-competitor-grammer-ag/), 2018-07-05: "The management of Grammer AG reacted positively to the offer and supported the takeover project."

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