Takeover Giant &Nbsp; CIC Industry "Bet" Auto Parts

Largest overseas acquisition of auto parts

In April 8th, China aviation industry automobile and Beijing Yizhuang international jointly held the signing ceremony of the Yizhuang auto development system and the Beijing headquarters.

Up to now, the largest overseas acquisition of China's auto parts industry has come to a successful conclusion.

It is reported that AVIC industrial automobile company's China Aviation Industrial automobile company, holding 51% of the joint venture, jointly acquired 100% stake in the Beijing auto international company, including Yizhuang, China and other partners (holding 49% shares), with a total purchasing capital of about 450 million dollars.

After the completion of the acquisition, AVIC will also invest 300 million US dollars to build the headquarter of the China Automotive headquarters in Yizhuang, Beijing, including R & D base and production base, with an estimated output value of US $1 billion 500 million in the future.

It is noteworthy that, as early as 2009, China Aviation Industry Co operated with the military clothing group to restructure and integrate its vehicle parts, including ST Changhe and Dongan power.

But afterwards it remained silent.

The AVIC industry suddenly bought the world auto parts giant Ai Shi te, which indicates that China aviation industry has made new trends in the automotive sector integration.

"China aviation industry auto parts and related industries already have a certain foundation and are in the stage of accelerated development. Based on the current development of the domestic auto parts industry, China aviation industry has put forward a strategy of" rebound Pipa ", which will promote the development of China's auto parts industry through the acquisition of overseas high-end high-end component enterprises.

Lin Zuoming, general manager of China aviation industry, said.

China aviation industry considers auto sector reorganization

The reporter noted that the resistant vehicle system company is a world-renowned supplier specializing in automobile steering and pmission systems. It was later acquired by general motors, and is a high quality auto parts enterprise.

Data show that in 2010, the company's sales revenue was more than 2 billion US dollars, and its profit and tax profit was more than 100 million US dollars.

However, during the global financial crisis, the General Company was determined to focus on the development of the core business of the automobile. In January 2010, the company announced its plan to sell Nash, which has aroused the interest of AVIC and has finally been included.

As a result, AVIC has acquired the world's advanced steering and pmission technology and industrial experience, as well as its global steering and pmission business, including all 20 manufacturing plants, 3 R & D centers, 2 test sites and 11 technology and customer service centers in North America, South America, Europe and Asia.

Moreover, it also has the latest generation of electronic power steering technology that will be adopted in the future hybrid electric vehicles and pure electric vehicles.

It is estimated that by 2020, half of the world's cars will use the electronic steering system, so the growth prospects of the company after taking over by China's new owners will be favored by the industry.

Zhao Guibin, chairman of the vice president of aviation industry, the chairman of the automobile company and chairman of the world auto system company, told reporters that "the overseas acquisition competition is fierce and difficult. But after the completion of the acquisition, China aviation industry automobile will master the core technology and market, and then develop a Chinese component enterprise that can compete with the world-famous parts suppliers.

"After the completion of the acquisition, the China aviation industry auto sector is also considering further restructuring of asset securitization."

Zhao Guibin told reporters that taking the acquisition as an opportunity, AVIC industrial vehicle will focus on the integration of auto parts and related extension industries, and the securitization of the entire automobile sector also has many considerations. IPO or backdoor injection may be possible.