Luxshare-ICT has officially acquired BWI, securing 100% ownership following a share transfer ceremony in Shanghai on October 9, as confirmed by BWI’s WeChat account. The acquisition was completed by BWI’s previous major shareholder, Zhangjiakou Industrial Investment Holding Group Co., Ltd. All involved parties have publicly acknowledged the completion of the transaction.
Key Takeaways:
- Wholly Owned: BWI, a leading Tier 1 supplier of automotive chassis technologies, is now fully owned by Luxshare-ICT.
- Product Offerings: The integrated company focuses on three major chassis systems: suspension, braking, and steering.
- Enhanced Capabilities: This merger aims to bolster the combined entity’s capabilities in intelligent chassis technologies and system integration.
- Global Footprint: The new organization will boast eight R&D centers, seven production facilities, and two testing grounds spread across key automotive regions: China, Europe, North America, and South America.
What to Watch Next:
As the integration moves forward, Luxshare is anticipated to fortify its position within the automotive chassis industry.
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