# AVIC Electromechanical to merge with AVIC Electromechanical Systems via share swap

AVIC Electromechanical (600372.SH) announced it will absorb AVIC Electromechanical Systems (002013.SZ) via a share swap at a ratio of 1:0.6605, issuing 2.566 billion shares. The merger aims to create a world-class aviation avionics company.

- Type: Acquisition
- Announced: 2022-06-10
- Where: China
- Status: announced
- Products: aviation avionics
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Group](https://endata.com/companies/13184.md) (investor)
- [AVIC Electromechanical Systems](https://endata.com/companies/17098.md) (target)
- [AVIC Electromechanical](https://endata.com/companies/52104.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/737068.html), 2022-06-10: "中航电子作为存续公司将整合吸收合并双方资源，优化航空工业机载板块的产业布局，发挥规模效应，实现优势互补，有效提升存续公司核心竞争力"

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