# Weichai Group completes strategic reorganization of Lovol Heavy Industries

Weichai Group officially completed the strategic reorganization of Lovol Heavy Industries, acquiring 60% equity and becoming the controlling shareholder, aiming to build a world-class agricultural equipment group.

- Type: Acquisition
- Announced: 2021-01-06
- Where: Jinan, Shandong, China
- Status: completed
- Products: agricultural equipment, off-road engines, CVT powertrain, hydraulic powertrain
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Weichai Group](https://endata.com/companies/35855.md) (acquirer)
- [Lovol Heavy Industries](https://endata.com/companies/52513.md) (target)

## Sources

- [powertraininternationalweb.com](https://www.powertraininternationalweb.com/news/weichai-and-lovol-its-not-just-a-chinese-story/), 2021-01-13: "Weichai Group officially completed the strategic reorganization of Lovol Heavy Industries."

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