# Shuanghuan Driveline to acquire 81% stake in German STP Group

Shuanghuan Driveline (002472) announced plans to acquire 81% of STP Group, a German precision metal mold and formed parts manufacturer, via cash payment. The deal is subject to final agreement and approvals.

- Type: Acquisition
- Announced: 2019-08-02
- Where: Plettenberg, Germany
- Status: announced
- Products: metal molds, precision formed parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [STP LLC](https://endata.com/companies/9497.md) (target)
- [Shuanghuan Driveline](https://endata.com/companies/41071.md) (acquirer)
- [VVPKG](https://endata.com/companies/41072.md) (partner)
- [Schmiedetechnik Plettenberg](https://endata.com/companies/41098.md) (target)
- [Vermögensverwaltung Plettenberg](https://endata.com/companies/41099.md) (partner)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201908/t20190802_5974161.html), 2019-08-02: "公司基于全球化布局及长期战略规划的发展需要，有意通过股权收购方式成为STP集团的大股东"
- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-shuanghuan-buys-81-of-german-car-parts-maker-to-cut-costs-extend-sales-reach), 2019-08-03: "The purchase will allow Shuanghuan to trim the cost of making mechanical transmission gears, one of its main products, the Hangzhou-based company said in a statement today."

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