# Hisense to take 75% stake in Japanese compressor maker Sanden

Chinese appliance group Hisense Home Appliances will acquire 75% of Sanden and inject 175 million euros of capital, with the shareholder change to be approved at the May 7 shareholder meeting. Sanden's only French plant is in Tintenia near Rennes.

- Type: Acquisition
- Announced: 2021-03-12
- Where: Tinteniac, Ille-et-Vilaine, France
- Value: $208.0M (175.0M EUR)
- Status: announced
- Products: automotive air-conditioning compressors, thermal management systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sanden](https://endata.com/companies/7699.md) (target)
- [Hisense Home Appliances Group](https://endata.com/companies/7739.md) (acquirer)

## Sources

- [lesechos.fr](https://www.lesechos.fr/pme-regions/bretagne/lequipementier-automobile-sanden-sous-pavillon-chinois-1297882), 2021-03-12: "Le géant chinois Hisense Home Appliances Group va reprendre 75 % du capital de Sanden et lui apporter 175 millions d'euros en capital."

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