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Weichai Power announces strategic investment in Aradex AG · Endata

◂ Announcements

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Dec 16, 2019ACQUISITIONGermany

Weichai Power announces strategic investment in Aradex AG

Weichai Power Co., Ltd. announced its strategic acquisition of Aradex AG, a German company specializing in R&D of motors, electric control, and power supply for industrial and transportation sectors. This investment aims to strengthen Weichai's new energy power systems capabilities, following previous investments in Ballard Power and Ceres Power.

Status

Announced

Productsmotorselectric controlpower supply equipmentCNC servo motorsservo driversfuel cell DC/DC converters

CompaniesWeichai Power acquirer Aradex AG target

Sectors#Automation and Robotics #Automotive Components

“Weichai Power has announced its strategic acquisition of Aradex AG, another global strategic attempt in the new energy power systems industry.”m.en.weichaipower.com

1 source
m.en.weichaipower.comWeichai Power Announces Strategic Investment in Aradex AG, Embracing the Whole Industrial Chain of New Energy - WEICHAI POWER CO.,LTDDec 16, 2019

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

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