Luxshare-ICT has officially acquired BWI, becoming its 100% owner after a share transfer ceremony held in Shanghai on October 9. This acquisition was completed with the participation of BWI’s previous controlling shareholder, Zhangjiakou Industrial Investment Holding Group Co., Ltd.
Key Takeaways
- BWI’s Role: BWI specializes as a global Tier 1 supplier of automotive chassis technologies, focusing on three key systems: suspension, braking, and steering.
- Business Integration: The integration aims to enhance the capabilities of the combined entity in intelligent chassis technologies and system integration.
- Facilities Overview: Post-integration, Luxshare-ICT will operate eight R&D centers, seven production sites, and two testing facilities in four major automotive regions: China, Europe, North America, and South America.
What to Watch Next
As the integration progresses, it is anticipated that Luxshare-ICT will solidify its position within the automotive chassis sector.
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