The hottest Weichai Power acquires the equity of K

Weichai Power acquires the equity of Kaiao to build a global manufacturing enterprise

Weichai Power acquires the equity of Kaiao to build a global manufacturing enterprise

China Construction machinery information

Guide: Weichai Power recently disclosed that it acquired 25% of the minority equity of Kaiao with 467million euros, and acquired 70% of the equity of Linde hydraulic that Kaiao plans to divest with 271million euros. The total investment is 738 million euros, about 5.9 billion yuan, accounting for 24% of the net assets of Weichai Power (2012 interim report). In addition, Weichai

Weichai Power Company recently disclosed that it purchased 25% minority equity of Kaiao company for 467million euros and 70% equity of Linde hydraulic to be divested by Kaiao for 271million euros. The total investment is 738 million euros, which is about 5.9 billion yuan, accounting for 24% of the net assets of Weichai Power (2012 interim report). In addition, Weichai has the option to further increase its equity to 30% before the IPO of Kaiao and further increase the equity of Linde hydraulic

in the secondary market, the share price of Weichai Power has been falling all the way since the beginning of 2011, from the range of 50 yuan to the resumption of rights before falling below 20 yuan, during which there was no decent rebound. After the announcement of the company's overseas expansion, the stock price has a strong short-term performance, and the trading volume has expanded rapidly. After breaking through the short-term average suppression, it is expected to launch a round of intermediate market

according to the data, Kaiao is the world's leading manufacturer of industrial forklifts, which is mainly engaged in forklift production, sales, leasing, hydraulic and other core parts and components. The company has a complete portfolio of high, medium and low-end brands, and its six brands are Linde, still, Fenwick, omsstill, Baoli and voltas. Linde and still are high-end brands worldwide. Among them, Linder ranks second in the world and first among Chinese non domestic brands. The company's forklift truck has a global market share of about 15%, ranking second. The European market share is about 33%, ranking first

Linde hydraulic is a world leading enterprise in hydraulic and electric drive systems. It is the first company in the world to achieve the maximum effective pressure of 500pa, and is a technology leader in the field of high-pressure hydraulic

according to the judgment of Andersen securities, Weichai has broken the monopoly of aerogel products by American enterprises. After the completion of the above acquisition, Weichai will become an international enterprise in the field of high-pressure hydraulic pressure, and can share the sales network with Kaiao to achieve a win-win situation. At the same time, Weichai Power will further enrich its product line and become a global equipment manufacturing enterprise

in judging the future development of the hydraulic transmission market, Andersen Securities pointed out that the global hydraulic transmission market was US $20.7 billion in 2011 and is expected to reach US $26.6 billion by 2016, with a compound growth rate of 5.1%. The future growth rate of the Chinese market is the largest. In 2011, the size of the Chinese market was 2.3 billion. See what experiments people have done with this big guy. Jinan experimental machine factory sincerely introduces us dollars to you. It is expected to reach US $3.4 billion in 2016, with a compound growth rate of 8.1%. At present, about 40% of the Chinese market share is occupied by international enterprises. And the high-pressure hydraulic market accounts for about 60% of the hydraulic market. With the large demand of Weichai and related companies for hydraulic parts products, and the substantial improvement of competitiveness in the domestic market after localization in the future, Weichai Power will become an international enterprise in the field of high-pressure hydraulic

in the forklift truck market, Anxin Securities believes that the cooperation between Weichai Power and Kaiao, which produces 50.9 million tons of 10 kinds of non-ferrous metals, can achieve win-win results for both sides. At present, the global forklift market size was US $20.4 billion in 2011 and is expected to reach US $30.8 billion by 2016, with a compound growth rate of 8.6%. The future growth rate of the Chinese market is the largest. The size of the Chinese market was US $6.7 billion in 2011 and is expected to reach US $12.9 billion in 2016, with a compound growth rate of 14%. In this fast-growing market, Kaiao can rapidly expand its market share by relying on Weichai's sales network in China and Asia; Weichai can expand its overseas business with the help of Kaiao's international network

in addition, after the acquisition of Linde hydraulic, Weichai Power's terminal business will expand to excavators, bulldozers, forklifts and yachts, and its core products include engines, transmissions, axles, yachts, hydraulics, etc. Therefore, Weichai Power can change from a leading enterprise of heavy commercial vehicles to a global equipment manufacturing enterprise