# Weichai Power to acquire 22.69% stake in Weichai Lovol for $2.5B

Weichai Power Co., Ltd. agreed to acquire a 22.69% stake in Weichai Lovol Heavy Industry Co., Ltd. from Weichai Holding Group for 1.584 billion CNY (approx. $250 million), increasing its ownership to 62%. The announcement was made on April 18, 2022.

- Type: Acquisition
- Announced: 2022-04-18
- Where: China
- Value: $250.0M (1.58B CNY)
- Status: announced
- Products: agricultural equipment, engines, CVT, hydraulics
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Weichai Power](https://endata.com/companies/4175.md) (acquirer)
- [Weichai Group](https://endata.com/companies/35855.md) (partner)
- [Weichai Lovol Heavy Industry Co., Ltd.](https://endata.com/companies/62335.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/704054.html), 2022-04-18: "公司拟以现金形式收购潍柴控股集团有限公司持有的潍柴雷沃2.74亿股股份，约占潍柴雷沃22.69%股份。"

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