# Sinotruk (Hong Kong) to acquire Sinotruk Datong Gear for CNY1.39B

Sinotruk (Hong Kong) announced that its subsidiary Sinotruk Jinan Power will acquire all equity of Sinotruk Group Datong Gear from Sinotruk Group for CNY1.39 billion, to gain key transmission technology.

- Type: Acquisition
- Announced: 2020-03-31
- Where: China
- Value: $196.0M (1.39B CNY)
- Status: announced
- Products: transmissions, gears
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SINOTRUK](https://endata.com/companies/19998.md) (partner)
- [Sinotruk (Hong Kong)](https://endata.com/companies/46208.md) (acquirer)
- [Sinotruk Jinan Power](https://endata.com/companies/46209.md) (acquirer)
- [Sinotruk Group Datong Gear](https://endata.com/companies/46210.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/289236.html), 2020-03-31: "由于目标拥有用于生产集团变速箱的若干关键变速箱技术，因此收购事项有望提高集团的技术能力，从而提高集团的竞争力和整体经营业绩。"

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