Core Viewpoint - The company, Shengbang Co., has signed a framework agreement to acquire a 60% stake in Wuxi Woco Engine Noise Reduction Components Co., Ltd. from WOCO Group, enhancing its position in the automotive sector through strategic product complementarity and market expansion [1][2]. Group 1: Acquisition Details - Shengbang Co. will acquire a 60% stake in Wuxi Woco for cash, with the transaction framework established with WOCO Group, a global family-owned enterprise based in Germany [1]. - Following the acquisition, Wuxi Woco will become a Sino-foreign joint venture with independent legal status under Chinese law, with a name that includes "Shengbang Woco" or "Woco Shengbang" [1]. Group 2: Product and Market Synergy - Both companies operate in the automotive sector, with Shengbang's products focused on engine, transmission, axle, and new energy vehicle components, while Woco's products include key interior and exterior plastic components, engine parts, and electric drive assemblies, creating significant product complementarity [2]. - The customer bases of both companies differ, with Woco having a strong presence among European and American OEMs, while Shengbang has a solid foundation in domestic mainstream independent brands, allowing for enhanced customer engagement and potential rapid performance improvement post-acquisition [2].
盛帮股份(301233.SZ)拟向WOCO集团现金收购无锡沃可60%股权 实现合资经营