Aerospace Mechatronics acquires 70% stake in South Korean auto parts manufacturer

Economic Daily-China Economic Net, Beijing, November 23 (Reporter Zhou Lei) The reporter learned from China Aerospace Science and Technology Corporation that recently, Shanghai Aerospace Automobile Electromechanical Co., Ltd., affiliated to the Eighth Academy of China Aerospace Science and Technology Corporation, held a meeting with South Korea's erae company. Signing ceremony of erae Automotive equity transaction. This marks the successful completion of Aerospace Machinery’s acquisition of 70% equity in erae AMS, and a solid step forward in the globalization of its auto parts industry.

As a former member of the Delphi Group, erae AMS is a leading international enterprise among auto parts manufacturers. It has been a technology research and development center for Delphi Thermal Systems Asia-Pacific for a long time, and its engineers have long-term overseas auto parts technology development experience. Aerospace Mechatronics is an important operation platform for the auto parts industry of the Aerospace Science and Technology Group and the only capital operation platform for listed companies of the Eighth Academy. The completion of this acquisition is of great significance for accelerating the globalization of the aerospace electromechanical and auto parts industry, and for the strategic goal of aerospace electromechanical to build a thermal system industry of 10 billion yuan and rank among the top five global thermal system suppliers.

After this acquisition, the product systems and process capabilities of the two parties can be further integrated, relying on their respective global market layouts, and the aerospace thermal system as a platform can provide complete systematic solutions and follow-up technical support, which will greatly enhance the global aerospace electromechanical industry Competitiveness.

The successful acquisition of 70% of South Korea’s erae AMS will effectively enhance the comprehensive competitiveness of aerospace electromechanical systems, further improve the supply capacity of aerospace electromechanical thermal system-level products, consolidate aerospace electromechanical thermal system technology and technology, and help quickly build a global platform layout and rank among Global supplier sequence.