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VT Industrial Technology Co., a Chinese technology company, acquired 100% of shares of Ebmeyer Werkzeugbau GmbH, a German manufacturer of forming tools for the automotive industry. The transaction strengthens VT's presence in Europe.
Amsted Automotive, via Means Industries, has formed a joint venture with VT Industrial Technology named MEANS&VT (Wuxi) Power Technology Co., LTD in Wuxi, China, to supply metal forming and tooling to the Chinese automotive market.