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Bethel Automotive to acquire 45% stake in Zhejiang Wanda Steering for $200M · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Apr 7, 2022ACQUISITIONChina

Bethel Automotive to acquire 45% stake in Zhejiang Wanda Steering for $200M

Bethel Automotive Safety Systems agreed to acquire a 45% equity stake in Zhejiang Wanda Automotive Steering Co., Ltd. for approximately 200 million yuan. The acquisition will add steering system products to Bethel's automotive safety portfolio.

Value

$31.4M (200.0M CNY)

Status

Announced

Productssteering systemssteering columns

CompaniesBethel Automotive Safety Systems acquirer Zhejiang Wanda Automotive Steering target Chery Technology partner

Sectors#Automotive Components

“公司以自有资金约2亿元收购万达零部件所持万达公司45%股权（对应8631万股）”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com伯特利(603596.SH)拟2亿元收购万达汽车方向机45%股权Apr 8, 2022

Summarized from public sources; check the original articles before acting on it.

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