Core Viewpoint - Berteli (603596.SH), a leading player in the braking system industry, plans to acquire a 50.97% stake in Yubei Steering to achieve control, enhancing its chassis layout and benefiting from the rise of autonomous driving and steer-by-wire technology [1][3]. Group 1: Acquisition Details - Berteli announced on February 25 that it intends to use its own funds to acquire a 50.97% stake in Yubei Steering from shareholders Junhong Industrial, Hefei Huaxin, and Hefei Chanchuang, making it the controlling shareholder post-acquisition [1]. - The valuation of the transaction is capped at 2.2 billion yuan, with the purchase price not exceeding 1.12 billion yuan, pending regulatory approvals [1]. Group 2: Yubei Steering's Market Position - Established in 1969, Yubei Steering specializes in mechanical, electronic, and hydraulic steering systems, achieving a sales volume of over 5 million steering devices in 2021, with a market share of 20% [2]. - The company is set to generate revenues of 3.03 billion yuan and 3.18 billion yuan in 2024 and 2025, respectively, with net profits of 120 million yuan and 160 million yuan [2]. Group 3: Strategic Benefits of the Acquisition - The acquisition is expected to enhance Berteli's comprehensive layout in the chassis sector, facilitating better synergy across customers, products, and supply chains [3]. - Berteli's existing product range includes brake calipers, electronic parking brake systems, and steer-by-wire systems, with the acquisition allowing for improved development capabilities in key components like ball screws and motor controls [3]. Group 4: Industry Trends and Opportunities - The trend towards autonomous driving presents a significant opportunity for steer-by-wire technology, which is well-suited for autonomous vehicles due to its variable steering ratio and enhanced safety features [4]. - As autonomous driving becomes mainstream, steer-by-wire systems are expected to become standard in vehicles, benefiting industry players [4].

拟购豫北转向控股权 2月25日晚，伯特利披露一则大手笔并购公告，拟合计收购豫北转向50.9727%股份。本次交易不构成关 联交易、不构成重大资产重组。 公告显示，豫北转向估值不超过22亿元，本次转让的交易价款不超过11.21亿元。本次收购完成后，伯 特利成为豫北转向控股股东，豫北转向将在收购完成后纳入公司的合并报表范围。 据了解，2018年，伯特利登陆A股市场，主营业务涵盖汽车制动系统、汽车智能驾驶系统及汽车转向系 统业务领域。而本次标的公司豫北转向，则主要从事汽车转向系统及其关键零部件的研发、生产和销 售。 值得一提的是，豫北转向为一家拟IPO企业。证监会官网显示，该公司于2023年正式启动上市辅导，欲 冲刺创业板上市，并于今年1月最新披露了第十二期上市辅导工作进展报告。筹划上市的背后，豫北转 向业绩表现较为亮眼。财务数据显示，2024年和2025年，豫北转向营收分别约为30.3亿元、31.79亿元， 净利润分别约为1.23亿元、1.58亿元（未经审计）。 "拟IPO企业通常经过多轮融资与上市辅导，在细分赛道内具备一定的技术壁垒或市场份额，上市公司 通过收购可直接将这些优势纳入自身版图，快速完成产业链的延伸 ...

公告显示，本次交易的定价参考目标公司2025年末合并口径经审计归母净资产情况，由交易各方协商确定作价，目标公司估值不超过22亿元。截至目前，目 标公司2025年度的审计工作尚未结束，最终定价尚未确定，交易各方将在审计结果出来后根据协议约定确定最终交易价格。 豫北转向主要从事汽车转向系统及其关键零部件的研发、生产和销售，主要产品包括电子助力转向系统、液压助力转向系统、转向系统部件等。 伯特利表示，豫北转向作为专业从事汽车转向系统产品研发生产的一级汽车零部件供应商，其主要产品与公司现有汽车转向产品在技术、市场、规模等方面 形成显著的协同效应。本次投资合作将整合双方的技术优势和资源优势，丰富和完善公司在汽车安全系统领域的产品线，提升公司的客户服务能力和市场竞 争力，进一步增强公司的盈利能力。 2026年2月26日，芜湖伯特利汽车安全系统股份有限公司（证券代码：603596，以下简称"伯特利"）发布公告，公司拟收购豫北转向系统（新乡）股份有限 公司（以下简称"豫北转向"）50.9727%的股份。本次收购完成后，伯特利将成为豫北转向的控股股东。 根据公告，伯特利拟与豫北转向股东峻鸿实业有限公司、宁波奉元股权投资合伙企业 ...

Group 1 - Berteli plans to acquire a total of 50.9727% of Yubei Turning from multiple shareholders, including Junhong Industrial, Ningbo Fengyuan, Hefei Huaxin, and Hefei Chanchuang [1] - The acquisition includes specific shares: 30.4365% from Junhong Industrial, 15.0817% from Ningbo Fengyuan, 3.6364% from Hefei Huaxin, and 1.8182% from Hefei Chanchuang [1] - Additionally, Dongjun Industrial will acquire 7,248,800 shares from Hangzhou Huaxin (3.6364% of Yubei Turning) and 953,673 shares from Xinxiang Juxian (0.4784% of Yubei Turning) [1] Group 2 - Yubei Turning specializes in the R&D, production, and sales of automotive steering systems and key components, serving as a first-tier supplier with strong operational performance and a solid customer base [2] - The acquisition is expected to create significant synergies in technology, market presence, and scale between Yubei Turning's products and Berteli's existing automotive steering products [2] - This investment will enhance Berteli's product line in automotive safety systems, improve customer service capabilities, and strengthen market competitiveness, while also boosting profitability [2] - Following the acquisition, Berteli will become the controlling shareholder of Yubei Turning, which will be included in Berteli's consolidated financial statements [2]

Core Viewpoint - Bertli plans to acquire a controlling stake of 50.9727% in Yubei Steering System Co., Ltd. through a share transfer agreement with several stakeholders, positioning itself as the controlling shareholder post-acquisition [1] Group 1: Acquisition Details - The acquisition involves stakeholders including Junhong Industrial Co., Ltd., Ningbo Fengyuan Equity Investment Partnership, Hefei Huaxin Cloud Automotive Electronics Investment Partnership, and Hefei Chantuo High Growth No. 1 Equity Investment Partnership [1] - Upon completion of the acquisition, Bertli will become the controlling shareholder of Yubei Steering [1] Group 2: Company Profile - Yubei Steering is a first-tier automotive parts supplier specializing in the research and production of automotive steering system products [1] - The company has demonstrated good operational performance, a strong customer base, and solid technical expertise [1] - Its main products include electronic power steering systems, hydraulic power steering systems, and steering system components [1]

豫北转向主要从事汽车转向系统及其关键零部件的研发、生产和销售。豫北转向为专业从事汽车转向系 统产品研发生产的一级汽车零部件供应商，并拥有良好的经营效益、优质的客户基础和扎实的技术底 蕴，其主要产品电子助力转向系统、液压助力转向系统、转向系统部件与公司现有汽车转向产品在技 术、市场、规模等方面形成显著的协同效应。本次投资合作一方面将整合双方的技术优势和资源优势， 丰富和完善公司在汽车安全系统领域的产品线，提升公司的客户服务能力和市场竞争优势；另一方面本 次收购具有良好的经济效益，将进一步增强公司的盈利能力。本次收购符合公司发展战略及公司、股东 的整体利益。 本次收购完成后，伯特利成为豫北转向的控股股东；豫北转向将在收购完成后纳入伯特利的合并报表范 围。 格隆汇2月25日丨伯特利(603596.SH)公布，公司拟与豫北转向之股东峻鸿实业、宁波奉元、合肥华芯、 合肥产投等相关方共同签署《股份转让协议》，收购峻鸿实业所持豫北转向30.4365%的股份，收购宁 波奉元所持豫北转向15.0817%的股份，收购合肥华芯所持豫北转向3.6364%的股份，收购合肥产投所持 豫北转向1.8182%的股份，合计收购各转让方所持豫北 ...