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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Novares acquires full ownership of Wuhan JV and relocates plant · Endata

◂ Announcements

Jan 30, 2019ACQUISITIONWuhan, China, China

Novares acquires full ownership of Wuhan JV and relocates plant

Novares Group has acquired the remaining 30% stake in its Wuhan, China joint venture from partner Yazhong, gaining 100% ownership. The company also relocated its Wuhan production plant to a new modern site in the SGM suppliers park.

Status

Completed

Productsinterior plastic componentstrunk trimsexterior pillarscowl topsengine parts

CompaniesNovares acquirer Yazhong target

Sectors#Automotive Components

“The 100% ownership of our Wuhan operation, combined with the relocation and upgrade of facilities at the site marks an important step in that journey.”novaresteam.com

2 sources
novaresteam.comNovares acquires 100% of its Wuhan, China, JV and relocates its production facilities to modern new site - NOVARESAdmin Keblow 1Jan 30, 2019
autotechinsight.spglobal.comNovares acquires 100% of Chinese JV from partner Yazhong - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJan 31, 2019

Summarized from public sources; check the original articles before acting on it.

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Nov 19, 2018ACQUISITIONSwitzerland
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Oct 16, 2018EXPANSIONZrenjanin, Vojvodina, Serbia$6.05M50 jobsops 16 Oct 2018
Novares opens 3,000 m² extension at Zrenjanin plant in Serbia
Novares cordmagazine.com just-auto.com
Sep 20, 2018NEW FACILITYKenitra, Morocco, Morocco225 jobsops 20 Sep 2018
Novares opens new production plant in Kenitra, Morocco
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Sep 11, 2018ACQUISITIONSwitzerland
Novares acquires 20% stake in APAG Holding
Novares acquirer APAG Holding target novaresteam.com

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