# Suao Sensing to acquire 37.5% stake in Bonaire Automotive from Hanon Systems for ¥169M

Suao Sensing (300507.SZ) signed a memorandum of understanding to acquire Hanon Systems' 37.5% stake in Wuhu Bonaire Automotive Electrical Systems for ¥169 million, based on a ¥450 million valuation of Bonaire. Bonaire produces automotive air conditioning and thermal management systems.

- Type: Acquisition
- Announced: 2022-10-21
- Where: China
- Value: $23.5M (169.0M CNY)
- Status: announced
- Products: automotive air conditioning systems, engine thermal management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hanon Systems](https://endata.com/companies/2556.md) (target)
- [Suao Sensing](https://endata.com/companies/65997.md) (acquirer)
- [Wuhu Bonaire Automotive Electrical Systems](https://endata.com/companies/65998.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/809708.html), 2022-10-21: "公司意向收购翰昂持有的博耐尔37.5%的股权，将为公司在汽车热管理系统市场的布局提供支持，助力公司切入汽车空调系统，以及汽车热管理行业赛道。"

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