# Weichai Power to acquire 39.31% stake in Weichai Lovol

Weichai Power agreed to buy a 39.31% stake in Weichai Lovol from Abos and Qingte for a total of approximately CNY 985 million. Weichai Lovol manufactures agricultural machinery, construction machinery, and automotive parts.

- Type: Acquisition
- Announced: 2021-07-13
- Where: China
- Value: $152.0M (985.0M CNY)
- Status: announced
- Products: agricultural machinery, construction machinery, automotive parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Weichai Power](https://endata.com/companies/4175.md) (acquirer)
- [Weichai Lovol](https://endata.com/companies/56424.md) (target)
- [Lovol Heavy Industry](https://endata.com/companies/56428.md) (target)
- [Apros Technology Group](https://endata.com/companies/56429.md) (partner)
- [Qingte Group](https://endata.com/companies/56430.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/513250.html), 2021-07-13: "本次股份收购完成后，公司合计持有雷沃重工39.31%股份，为雷沃重工的第二大股东"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/513207.html), 2021-07-13: "董事会认为，该等收购事项符合公司进一步发展高端农业机械市场的战略，且预计将为公司及潍柴雷沃产生协同效应"

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