# 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.

- Type: Acquisition
- Announced: 2020-03-09
- Where: Plettenberg, Germany, Germany
- Status: announced
- Products: gearboxes, metal molds, precision molding parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [VVP Vermögensverwaltung Plettenberg GmbH & Co. KG](https://endata.com/companies/41060.md) (partner)
- [Schmiedetechnik Plettenberg](https://endata.com/companies/41098.md) (target)
- [Zhejiang Shuanghuan Driveline Machinery](https://endata.com/companies/41392.md) (acquirer)
- [Werkzeugtechnik Plettenberg](https://endata.com/companies/41393.md) (target)
- [Schmiedetechnik Plettenberg GmbH & Co. KG](https://endata.com/companies/45799.md) (target)
- [Werkzeugtechnik Plettenberg GmbH & Co. KG](https://endata.com/companies/45800.md) (target)
- [VVP Vermögensverwaltung Plettenberg](https://endata.com/companies/45891.md) (partner)

## Sources

- [cliffordchance.com](https://www.cliffordchance.com/news/news/2020/03/clifford-chance-advises-shuanghuan-on-the-acquisition-of-a-major.html), 2020-03-09: "By acquiring the German gear manufacturers, Shuanghuan is accelerating its international development and further expanding its European business."
- [lto.de](https://www.lto.de/recht/kanzleien-unternehmen/k/clifford-chance-hogan-lovells-shuanghuan-erwerb-mehrheitsbeteiligung-plettenberg-mergers-acquisitions), 2020-03-12: "Der chinesische Autozulieferer Shuanghuan erwirbt eine Mehrheitsbeteiligung an dem Getriebe- und Motorkomponentenhersteller Plettenberg."

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