Wuhu Bonaire Automotive Electrical Systems

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Acquisition

Oct 21, 2022ACQUISITIONChina$23.5M
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.
Hanon Systems target Suao Sensing acquirer Wuhu Bonaire Automotive Electrical Systems target #Automotive Components beta.zhitongcaijing.com

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