# GWM acquires Daimler factory in Iracemapolis, Brazil

GWM (Great Wall Motors) signed an agreement on August 18, 2021 to acquire Daimler's factory in Iracemapolis, Brazil. The deal is expected to close by the end of 2021 and will create nearly 2,000 jobs.

- Type: Acquisition
- Announced: 2021-08-19
- Where: Iracemapolis, Brazil, Brazil
- Jobs: 2,000
- Status: announced
- Products: automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler](https://endata.com/companies/3543.md) (partner)
- [GWM](https://endata.com/companies/57193.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/gwm-acquires-daimler-factory-in-brazil-to-enhance-presence-in-south-america-and-expand-global-layout-301358691.html), 2021-08-19: "On August 18, GWM and Daimler AG signed an agreement on the acquisition of Daimler's factory in Iracemapolis, Brazil"

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