Recently (August 6), Bohai Automotive Systems Co., Ltd. (“Bohai Automotive”) and German TRIMET Group held a closing ceremony in Frankfurt, Germany, and acquired 75% of TRIMET Automotive Holding GmbH (“TAH Company”), a subsidiary of TRIMET Group. Of equity. TAH is the world's leading supplier of lightweight automotive aluminum alloy castings.
Bohai Pistons
It is understood that on December 13, 2017, Bohai Automobile signed the "Share Purchase Agreement" and related ancillary documents with German TRIMET and TAH, and planned to purchase 75% of its TAH shares from TRIMET in cash. The transaction amount was 61.5 million Euros (1 Euro = 7.749 RMB-Note to this publication). The main body of the implementation is Bohai International, a foreign special purpose company to be established through the subsidiary Binzhou Temai, to complete the acquisition. After the transaction is completed, TAH will become a holding subsidiary of Bohai Pistons.
According to statistics, the German TAH company was established in 1985. Its main business is the development, manufacturing and sales of lightweight automotive aluminum alloy castings. Its main products include drive components, engine components, chassis components and body structural components. The company provides products and services to world-renowned vehicle manufacturers such as Daimler, BMW, Volkswagen, Bentley and Magna.
According to reports, TAH has advanced technology and manufacturing processes in the field of aluminum alloy parts, and has strong mold design and development capabilities, which is in line with the company's lightweight strategy. This merger and acquisition has effectively enhanced the core competitiveness of the company's lightweight business.
Bohai Automotive System Co., Ltd. was formerly Shandong Binzhou Bohai Piston Co., Ltd., and was changed to the current Bohai Automotive System Co., Ltd. on October 30, 2017. It is mainly engaged in the production of pistons, mechanical parts, automobiles, internal combustion engines, and compressors. Production and sales of motorcycle parts, aluminum and aluminum products.