Turnover: > £2m
Our associate in Beijing has been retained by a leading manufacturer of automotive drivetrain components. Based in China, the company produces drive shafts, constant velocity joint kits, hub assemblies, wheel bearings and rubber-to-metal components for the global market.
Established in 1985, the company has a team over 2000 skilled employees globally and operates production facilities in China and North America, and distribution centres in Germany and the US.
The company and their processes have been certified according to TS 16949, ISO 14001 and OHSAS 18001. They are a data supplier to major automotive aftermarket platforms like TECDOC in Europe and ShowMeTheParts.com in North America. They are also officially listed as supplier to TEMOT International and an "Approved Business Partner" to Group Auto Union.
Annual production capacity exceeds 13 million CV joint kits, 4 million drive shafts, 3 million hub assemblies and 10 million rubber-to-metal components.
The ideal target acquisition will be automotive parts manufacturers specialising in tapered roller bearings or automotive wheel bearing units. The manufacturers are required to possess R&D and production capacity.
The main purpose of the transaction is for the company to extend the capability of R&D and manufacturing. Whilst initially focused on acquisitions in Poland, the company will consider targets in other Western European Countries, Mexico, Thailand, the United States.
The company would require a 100% acquisition.
Turnover of target is £2m or more.