# Beiqi Haihua acquires 75% stake in IFC Composite GmbH

Chinese automotive parts supplier Beiqi Haihua Automobile Parts Co., Ltd. acquired 75% of the shares in German lightweight components supplier IFC Composite GmbH. The acquisition was signed last summer and closed in January 2019.

- Type: Acquisition
- Announced: 2019-01-31
- Where: Haldensleben, Saxony-Anhalt, Germany
- Status: completed
- Products: drive shafts, stabilizers, clutch joint plates, lightweight leaf springs made of glass and carbon fiber reinforced plastics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Beiqi Haihua Automobile Parts Co., Ltd.](https://endata.com/companies/37317.md) (acquirer)
- [IFC Composite GmbH](https://endata.com/companies/37318.md) (target)

## Sources

- [luther-lawfirm.lu](https://www.luther-lawfirm.lu/newsroom/press-releases/detail/luther-advises-chinese-automotive-parts-supplier-beiqi-haihua-on-the-acquisition-of-majority-stake-in-german-lightweight-components-supplier-ifc-composite-gmbh), 2019-02-14: "With the acquisition of IFC Composite GmbH, Beiqi Haihua is now positioning itself in the growing lightweight components segment in the Chinese and European market."
- [luther-lawfirm.com](https://www.luther-lawfirm.com/en/newsroom/press-releases/detail/luther-advises-chinese-automotive-parts-supplier-beiqi-haihua-on-the-acquisition-of-majority-stake-in-german-lightweight-components-supplier-ifc-composite-gmbh), 2019-02-14: "With the acquisition of IFC Composite GmbH, Beiqi Haihua is now positioning itself in the growing lightweight components segment in the Chinese and European market."

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