# Westron Group acquires 88.9% of Allgaier Werke

Chinese Westron Group acquired 88.9% of German automotive supplier Allgaier Werke GmbH, effective July 1, 2022. The deal was approved by the German Ministry of Economics in February 2022.

- Type: Acquisition
- Announced: 2022-07-01
- Where: Uhingen, Germany, Germany
- Status: completed
- Products: automotive parts, tooling, process technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [WestRon Group](https://endata.com/companies/5760.md) (acquirer)
- [Allgaier Werke](https://endata.com/companies/63949.md) (target)

## Sources

- [maschinenmarkt.vogel.de](https://www.maschinenmarkt.vogel.de/allgaier-wird-nach-china-verkauft-a-064be0960135d5263c6e1cd9f164fd20/), 2022-07-05: "Die chinesische Westron Group kauft den Automobilzulieferer Allgaier."
- [noerr.com](https://www.noerr.com/en/press/noerr-advises-chinese-investor-westron-group-on-acquisition-of-majority-interest-in-allgaier-werke-gmbh), 2022-07-06: "Noerr has advised the Chinese Westron Group on the complex acquisition of a majority interest in Allgaier Werke GmbH."
- [at-minerals.com](https://www.at-minerals.com/de/news/neuer-mehrheitsgesellschafter-bei-allgaier-3813036.html), 2022-07-20: "Die Allgaier-Group gewinnt mit der Westron Group einen starken Finanzpartner, mit dem das zukünftige Wachstum gesichert und die Position am Markt weiter ausgebaut werden kann."

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