Weichai Power acquires 80% stake in ARADEX and plans 51% stake in VDS

Weichai Power signed agreements to acquire an 80% stake in Germany's ARADEX and a planned 51% stake in Austria's VDS, making it the controlling shareholder of both companies to improve new energy powertrain technology.

“Weichai Power has successfully completed the acquisition of an 80% stake of ARADEX and planned to acquire a 51% stake of VDS, making Weichai Power the controlling shareholder of both companies.”en.prnasia.com

• 1 source
• en.prnasia.comWeichai Power Signs Strategic Restructure Agreements with Germany's ARADEX and Austria's VDS to Accelerate Industrialization of New Business Landscape - PR Newswire APACJan 15, 2020

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