According to the European version of "Automotive News" reported on May 2, the old German industrial giant Robert Bosch Co., Ltd. announced that it will sell its subsidiary (SG), which is responsible for the starter and generator business, to China Zhengzhou Coal Mining Machinery Group Co., Ltd. ( Zheng coal mining machine and private equity company Chongde Investment, the purchase price of 545 million euros (about 4.1 billion yuan).
Zhengzhou Coal Mining Machinery Co., Ltd., a company that produces auto parts and coal mining machinery, said in a statement about the technology and research capabilities of Bosch Starter and Generators (SG), customer base and existing global sales network. They all attach great importance to it.
The acquisition will help Bosch's starter and generator subsidiaries expand in China. Zhengzhou Coal Mining Machinery estimated that it will be about 440 million euros (about 3.3 billion yuan), which will be raised through the internal resources of Zhengzhou Coal Mining and Chongde Investment, and the rest will be obtained through external bank financing.
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