# Fuyao Glass to acquire SAM Automotive Group for EUR58.3 million

Fuyao Glass Industry Group will acquire insolvent German car parts maker SAM Automotive Group for EUR58.3 million (USD66.5 million) through its European unit. The deal includes all of SAM's assets including production equipment, raw materials, and finished products.

- Type: Acquisition
- Announced: 2019-01-16
- Where: Bohmenkirch, Germany
- Value: $66.5M (58.3M EUR)
- Status: announced
- Products: automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fuyao Glass Industry Group](https://endata.com/companies/22447.md) (acquirer)
- [SAM Automotive Group](https://endata.com/companies/36748.md) (target)
- [SAM](https://endata.com/companies/37652.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/-china-fuyao-glass-to-buy-insolvent-german-car-parts-maker-sam-for-usd665-million-), 2019-01-17: "Fuyao Glass will use its European unit to purchase SAM for EUR58.3 million (USD66.5 million), the Fuzhou-based company said in a statement yesterday."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/184815.html), 2019-02-28: "目前，该资产购买事宜已获得德国政府反垄断批准，并已完成资产交割。"

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