# Shanghai Motor Vehicle & Auto Parts acquires Gemo Group

Shanghai Motor Vehicle & Auto Parts Co. Ltd (SMVAP) acquired the insolvent German automotive supplier Gemo Group in Krefeld, marking SMVAP's first acquisition outside China.

- Type: Acquisition
- Announced: 2021-10-21
- Where: Krefeld, Germany
- Status: completed
- Products: automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shanghai Motor Vehicle & Auto Parts Co. Ltd](https://endata.com/companies/58588.md) (acquirer)
- [Gemo G. Moritz GmbH & Co KG](https://endata.com/companies/58589.md) (target)

## Sources

- [rp-online.de](https://rp-online.de/nrw/staedte/krefeld/chinesen-kaufen-krefelder-automobilzulieferer-gemo-gruppe_aid-63554661), 2021-10-21: "Mit dem Erwerb der Gemo-Gruppe akquiriere SMVAP erstmals ein Unternehmen außerhalb von China."

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