# Shuanghuan Driveline and Nanjing Chuangsa to form joint venture for high-end gear drives

Shuanghuan Driveline (002472.SZ) announced it will invest 180 million yuan (90% stake) and Nanjing Chuangsa will invest 20 million yuan (10% stake) to establish a joint venture, Jiangsu Huanhuan Transmission Equipment Co., Ltd., with registered capital of 200 million yuan. The JV will focus on high-end gear transmission equipment for new energy, metallurgy, building materials, ports, and power sectors.

- Type: Acquisition
- Announced: 2022-02-16
- Where: China
- Value: $31.4M (200.0M CNY)
- Status: announced
- Products: high-end gear transmission equipment, gear drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shuanghuan Driveline](https://endata.com/companies/41071.md)
- [Nanjing Chuangsa](https://endata.com/companies/61074.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/659957.html), 2022-02-16: "双环传动(002472.SZ)发布公告，公司拟与南京创飒及其控股股东冯闯签署合作协议，由公司与南京创飒共同投资设立合资公司江苏环欧传动设备有限公司，合资公司注册资本为人民币2亿元。"

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