Ningbo wins the acquisition of Preh reserve assets of German enterprises *st

A few days ago, the German auto parts supplier Preh Official online release information, Ningbo WINS investment Group (hereinafter called "all WINS Group") will acquire Preh 74.9% of the shares, the two sides have signed the relevant agreement. It is understood that the Preh group and the agreement has been approved by the National Development and Reform Commission.　　A person close to the win group said the assets would be injected into *st (600699.SH). "There is also a listed company in the country that will buy a large skylight maker in Holland. At present many domestic enterprises want to acquire overseas spare parts factory. But it now seems that these companies are not ready for long-term investment, acquisition technology is only the beginning, how to manage and digest these technologies is critical.　　"The head of a large German auto parts manufacturer told the first financial daily reporter. Ship to Sea in Bavaria, Germany, automotive parts suppliers Preh, the main manufacturing control unit and sensor systems and other automotive components, annual sales of 350 million euros.　　Compared with international large auto parts companies, Preh is a small and medium-sized enterprise; Preh's products are just small components made from cars. All WINS group official online shows that the company is engaged in automotive electronic parts manufacturing and real estate development. However, according to the industry, all WINS group is mainly engaged in plastic parts production and real estate development enterprises, in the production of automotive electronics has not much experience.　　Industry insiders worry that all wins group buys Preh 74.9% of shares, how to digest and absorb these technologies. From the public Information view, all WINS group annual sales is lower than Preh. *st is one of Liaoning listed state-owned enterprises, now wins group is already a major shareholder, all wins group hopes to win the car parts assets into the listed companies, the current *st is suspended. An analyst close to *st said that the win Group is expected to take a first step in the shell listing, such as the successful acquisition of Preh, this part of the assets may be injected into the future of listed companies. However, the acquisition must be approved by the relevant government departments of China and Germany, may be over the years, plus the approval of uncertainty factors.　　Therefore, whether this asset can be injected into the listed companies remains variable.　　None of the group's interested parties commented. "All wins group's leadership is the automobile spare parts origin, has made the money from the real estate development project, or wants to invest in the automobile component project."　　"People close to the win group said. According to the industry, according to Preh sales and all WINS group acquisition of its 74.9% share of the calculation, the acquisition amount of probably not more than 3 billion yuan.　　Earlier, China Airlines 450 million U.S. dollars to acquire Worter, Geely 315 million Hong Kong dollar acquisition of the DSI automatic transmission of Australia. "The enterprise that can buy overseas is not have the state-owned background is the enterprise through the listed financing has the strength to go out, now the momentum is more private enterprises ' sea ' acquisition." "Domestic manufacturers to buy overseas (the phenomenon) will be more and more, in a few weeks in the country will appearNew mergers and acquisitions case. Many auto parts manufacturers want to buy overseas, but the size of these manufacturers are relatively small and scattered, most of them do not have the strength of overseas mergers and acquisitions. "The Chinese market has become a big market in the world, and most multinational auto companies have fished for the first bucket of gold." To reduce costs, more corporate procurement to take the global platform.　　However, the domestic supply of spare parts, mostly from Europe and the United States and Japan accessories manufacturers monopoly, local auto parts manufacturers can not enter the whole plant supplier list system. "Overseas acquisitions by local companies have two purposes." One is to improve the core technology needs, one is hoping to take this into the entire plant, especially in the production of high-end brand suppliers list.　　"Insiders believe. The acquisition just started the Japanese earthquake caused some core auto parts to stop production, especially the electronic core components and microprocessors can not be supplied to the whole plant in time.　　But in this high value-added, High-tech market, domestic manufacturers in the field of automotive electronic accessories is still blank. "Initially, China bought car technology licences from foreign auto companies, which may have been purchased 20 years ago by foreigners," he said. The pattern of joint ventures began in the 90 's and is not a successful model at the moment. China wants to open markets for foreign technology, but not to ensure that they transfer technology. "People in the industry think," Now again change the strategy, private enterprises want to go out to buy mature spare parts technology, to avoid overseas market against domestic enterprises boycott. "The Chen Wenkei, CEO of the network, said that now the domestic auto parts in the technical distance from the multinational companies, especially in the high-end technology, through acquisitions may reduce the gap." "But overseas mergers and acquisitions are not the fundamental means of mastering core technologies. "Chen Wenkei Think," Now the local auto parts industry atmosphere is not very good, many auto parts manufacturers take the car investment as a cover, get the land is not investment in real estate is through the project to achieve good performance. "Money can buy technology, but how to manage it is a big problem." Starting with shareholders, most of them lack the right idea and the transnational talent to manage these technologies to absorb innovation. "A domestic mainframe factory chief engineer told reporters. Responsible Editor: NF045