M&A of parts and components companies in China is more traditional
In 2014, it was the year of mergers and acquisitions for the global parts and components industry. M&A and restructuring in the industry were surging. In the first half of the year alone, according to incomplete statistics, there were more than 30 auto parts companies globally circulating news of acquisitions or proposed acquisitions, including many funds and large-scale corporate mergers and acquisitions. Among them, there are also six purchases from Chinese parts companies, accounting for nearly one-fifth. In this issue, we will first sort out and summarize the mergers and acquisitions of Chinese parts and components companies in the first half of the year.
Integration of traditional business is still the mainstream of technological change <br> <br> automotive industry is an important reason for a lot of mergers and acquisitions lead to, in order to follow the development of new energy vehicles, vehicle networking technology, many traditional parts enterprises with the capital strength to enter these New field. Therefore, there are also many cases of "cross-border" acquisitions in the global auto parts industry this year. However, mergers and acquisitions cases in China's parts and components industry still focus on traditional business integration and market scale improvement. This may also objectively reflect the current status of China's auto parts industry.
In the first half of this year, China’s spare parts companies participated in four international acquisitions, namely, China’s first capital to purchase Sertec, a Jaguar Land Rover supplier, with 920 million yuan, and Junsheng Subsidiary, Ira, the assembly line developer, and Zhuzhou New Materials for the era. Acquired ZF's metallurgical rubber business to provide substantial international acquisition of North American auto plastic fuel tanks. The areas covered by these mergers and acquisitions include stampings, exhaust pipe trims, cable products, cast iron cylinders, airbags, seat belts and steering wheels, automotive shock absorbers, and fuel tanks. Among them, the business unit for metal rubber products under ZF's acquisition of Zhuzhou Times New Materials under China South Locomotive is the largest acquisition project for auto parts companies in Europe. The core assets involved in this transaction are the well-known brands of automotive vibration damping systems, with annual global sales of approximately 700 million euros. However, as can be seen from these acquisitions, based on the expansion and supplement of the original business of the company, it is still the mainstream thinking of M&A of local parts and components companies.
The Huayu Automobile holding subsidiary plans to acquire the South China Chemical Co., and Yuchai buys out 49% of Caterpillar's Yuchai remanufacturing company, which is based on the internal resource integration of the company. There is not too much from the acquisition itself. New ideas. Recently, Huayu Automobile again reported the acquisition of a 50% stake in Germany's KSPG Group subsidiary. It is reported that Huayu Automobile will use the acquisition to upgrade its lightweight application technologies for components such as engine blocks and body structures and expand the global business of automotive aluminum castings. Such acquisitions are still the integration of traditional businesses.
Financial capital <br> <br> play an important role in the merger acquisition of six companies in the first half, we can see a lot of private equity funds, investment companies has become an important role in the acquisition of spare parts. For example, in March of this year, the industry’s first capital to be acquired by Sertec, a British component manufacturer, was an investment company that was just established in Hong Kong. It is understood that the company’s main investment is in industrial equipment and biotechnology industries, with a registered capital of 8 One hundred million U.S. dollars. China's largest oil tank manufacturer Yapu Auto Parts Co., Ltd., the controlling party, acquired all the shares of Canadian ABC Group's oil box company and its Gallatin plant in Tennessee, USA, also through its overseas investment and financing platform Rongshi International Holdings Co., Ltd. Completed.
Also in April of this year, China’s private equity company Fangyuan Capital came close to the acquisition of Key Safety Systemes. Fangyuan Capital is headquartered in Shanghai and its management assets are approximately US$2.4 billion. The acquisition of Paramount will become the company's first investment in a company based in the United States.
If we count last year Chunhui Capital acquired the Belgian Bangi automatic transmission company through the fund company, Wande Motor Group Co., Ltd. introduced a certain domestic private equity fund as a shareholder... We will find that these financial capitals with different backgrounds perform in the automotive industry. More and more active. However, it is believed that these companies do not intend to really intervene in the operations of the acquired company, but more to re-integrate the packaging of the acquired company and facilitate re-packaged sales. One thing is certain: Financial capital with more informed information and richer experience in international mergers and acquisitions will play an important role in promoting mergers and acquisitions and joint ventures between local parts and components and international parts and components companies.
According to report, in the second half of the year, there will still be several mergers and acquisitions in the auto parts companies in the country. What changes will be brought to the auto parts industry in the next merger and acquisition will be waited for.
What is a Scan Tool?
A scan tool is a Car Diagnostic Tool that can exhibit a wide range of features. Scan tools typically include a code reader, the ability to view and sort live data, and some type of knowledge base. Professional scan tools include extensive knowledge bases, diagnostic procedures, and sometimes even have built-in scopes, multimeters, and other diagnostic tools.
What Can a Scan Tool Do?
Scan
tools are designed to interface with a car`s [on board diagnostic" system in
order to facilitate the diagnostic process.
In that
way, they are a lot like car code readers. They can be plugged into an OBD-I
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readouts from various sensors. However, scan tools go beyond that basic
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In addition to reading and clearing codes, a scan tool may be able to:
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Although the ability to read and clear codes is important, the additional functionality provided by a good scan tool can be extremely helpful in diagnosing a problem. OBD-II vehicles, in particular, can provide an enormous amount of data from a variety of different sensors, which is why many scanners have the ability to store and play back live data. That can allow you to test drive the vehicle and then view a recording of specific sensor output readings during operation.
The Importance of Scan Tool
Knowledge Bases:
In
addition to interfacing with the on board diagnostic system of a vehicle, the
other most important thing a scan tool can do is to provide you with some type
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base varies from one scan tool manufacturer to another, but it`s almost
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Unless you have relevant prior experience with the specific problem that you`re dealing with, a good knowledge base can save you a tremendous amount of time. Scanners that include troubleshooting information and other tips will typically provide you with the definition of a code, the potential faults that can lead to that code being set, and the tests that you can do to track down the root cause of the problem.
Premium Scan Tool Features:
The
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Premium Scan Tool Alternatives:
Although
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much of the same functionality without breaking the bank. Some of the things
you might want to have in your toolbox include:
- a good consumer-grade scan tool or ELM327 scanner
- a multimeter and, if possible, scope
- access to the Internet
While resources on the Internet don`t provide a direct 1:1 replacement for the type of troubleshooting information you get with a professional-grade scan tool, this is definitely a more affordable way to go.
A good consumer-grade scan tool (or an ELM327 scanner and the right software) will get you on the right track, and you can supplement the information that your tool provides with an online OBD-II code chart and troubleshooting information. After you`ve tracked down the likely culprit, tools like a multimeter and scope will help you determine whether or not specific components are bad.
Pricing:
OBD-II code readers vary in price.
They range from an affordable price ($85) to many hundreds of dollars, or more.
Photos:
More Information:
If you're interested in getting more information on OBD-II code readers or are interested in purchasing one,
check out complete list of Frequently Asked OBD Questions, and also the ads throughout this site.
Some brand names of OBD readers are Carsara, Cartrend, Actron, Innova, etc.
Reference Links:
Diagnostic Scan Tool,Diagnostic Code Reader ,Car Diagnostic Scanner ,Car Diagnostic Tool
Shenzhen Cartrend Technology Co, Ltd , http://www.cartrendthings.com