Shuanghuan acquires majority stake in German gearbox manufacturer Schmiedetechnik Plettenberg

Zhejiang Shuanghuan Driveline Machinery Co., Ltd. acquired an 81% stake in German gearbox and auto component manufacturers Schmiedetechnik Plettenberg GmbH & Co. KG and Werkzeugtechnik Plettenberg GmbH & Co. KG from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG.

“By acquiring the German gear manufacturers, Shuanghuan is accelerating its international development and further expanding its European business.”cliffordchance.com

• 2 sources
• cliffordchance.comClifford Chance advises Shuanghuan on the acquisition of a majority share in German gearbox manufacturerMar 9, 2020
• lto.deClifford Chance / Hogan Lovells: Chinesischer Investor für deutschen Getriebeherstellerlto ahMar 12, 2020

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