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Weichai Power acquires 51% stake in Austrian VDS · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Industrial Machineryworld trade 2024+4.5% 5Y CAGR

May 8, 2020ACQUISITIONAustria

Weichai Power acquires 51% stake in Austrian VDS

Weichai Power signed a strategic cooperation agreement to acquire 51% equity of Austrian VDS, becoming the controlling shareholder, to enhance key technologies in new energy powertrain motor control systems and agricultural equipment CVT power systems.

Status

Announced

Productsnew energy powertrain motor control systemsagricultural equipment CVT power systems

CompaniesWeichai Power acquirer VDS Holding target

Sectors#Automotive Components #Industrial Machinery

“潍柴动力成功取得奥地利VDS公司51%股权，成为控股股东，双方战略重组靴子落地。”news.lmjx.net

1 source
news.lmjx.net战略重组靴子落地潍柴动力取得奥地利VDS公司51%股权-工程机械动态-中国路面机械网May 8, 2020

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

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