# 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.

- Type: Acquisition
- Announced: 2020-05-08
- Where: Austria
- Status: announced
- Products: new energy powertrain motor control systems, agricultural equipment CVT power systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Weichai Power](https://endata.com/companies/4175.md) (acquirer)
- [VDS Holding](https://endata.com/companies/44532.md) (target)

## Sources

- [news.lmjx.net](https://news.lmjx.net/2020/202005/2020050821565425.shtml), 2020-05-08: "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。"

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