According to reports, people familiar with the matter said that several German companies negotiating with potential buyers in China are pushing forward negotiations and are not affected by the new German acquisition regulations.
After a series of transactions in China to acquire Western technology and expertise, Germany became the first EU country to tighten foreign companies' acquisition of domestic corporate policies. The new regulations allow the German government to block acquisitions if there is a risk that the core technology of German companies will be lost overseas. At the same time, the new regulations will take effect shortly and will not require parliamentary approval.
According to people familiar with the matter, four German companies serving the automotive industry, including FFT, Eisenmann, ZF Body Controls and Eisen Motors, are working with ZTE. Potential Chinese buyers negotiate and do not want political intervention.
Bankers familiar with these transactions said: "These assets are not key technology assets that the German government wants to protect. But if the state begins to intervene in these transactions, then these deals will end."
People familiar with the matter said that FFT, a car-equity manufacturer owned by private equity investor Aton, has attracted first-round bids from Chinese bidders including Shanghai Electric. The transaction was led by the international financial services company Morgan Stanley (Dharma). FFT's valuation is about 500 million euros (about 3.87 billion yuan), which is 8 to 9 times the expected core income of 60 million euros in 2017.
The valuation of the deal is expected to be lower than the US valuation for the robot manufacturer Kuka. People familiar with the matter said that both FFT and Kuka are manufacturing automotive devices, but FFT specializes in assembly lines and does not provide robots themselves, so the valuation is low.
In May of last year, Midea Group announced that it planned to acquire Kuka (Kuka), a German industrial robot and automated production equipment manufacturer, for a cash consideration of approximately 4 billion euros (about RMB 29.2 billion) through an offer.
Eisenmann, a family-owned paint shop manufacturer, attracted two Chinese buyers who participated in the final sale of the UBS group.
According to people close to the deal, Eisenmann expects core earnings to reach 70 million euros in 2017, valued at 400-500 million euros, and the deal may be signed as early as this summer.
According to sources familiar with the situation, ZF Friedrichshafen is also negotiating with a Chinese bidder to sell its $1 billion Body Controls unit. Last year, the sale was going on.
In addition, according to people close to the transaction, the German car interior manufacturer Eissmann Automotive is dominated by the consulting company Lazard Bank, which also attracted the attention of some Chinese companies.
Leisuwash SG Touchless Car Wash
Leisuwash specializing in manufacture Automatic Car Wash Machine, Touchless Car Wash , Automatic Touchless Car Wash, touchless car wash equipment, robot car wash, smart car wash system, leisuwash 360, leisuwash leibao 360, laserwash 360, leisuwash touchless car wash machine, leisu wash touchless car wash automatic, leisu wash 360 high pressure touchless car wash equipment, robo car wash, touch free car wash, leisuwash 360 touch free car wash, leisuwash 360 price, automatic car wash price, leisuwash in malaysia, no touch automatic car wash machine.
Leisuwash SG touchless car wash machine high intelligent high quality, with car wash + car care + drying process totally, each car wash takes time 1 minute to 5 minutes which depends on the car wash mode.
The development of the Leisuwash SG had one principle: a brushless machine should still deliver a great wash result ! The combined chemical applicator and high pressure bar do make this possible. It keeps an even distance to the car so that the chemicals can reach all parts of the vehicle in the same concentration. The combination of different chemicals will soften up even persistent dirt and the contouring high pressure system will clean it off easily.
Touchless Car Wash Machine,Leisuwash Sg Series,Leisu Wash Sg,Leisuwash Sg Car Wash Machine
Hangzhou Leisu Cleaning Equipment Co.,Ltd , https://www.sdleisuwashtouchless.com