SAMBO MOTOS Co.,Ltd. completed the acquisition of Carlsson Autotechnik GmbH from Zhongsheng Group Holdings Limited.
December 04, 2015
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SAMBO MOTOS Co.,Ltd. (KOSDAQ:A053700) agreed to acquire Carlsson Autotechnik GmbH from Zhongsheng Group Holdings Limited (SEHK:881) on November 19, 2015. SAMBO MOTOS will take over all employees of Carlsson. The offer by SAMBO MOTOS was unanimously approved by the Creditors Committee. Carlsson Autotechnik reported revenues of €18 million in 2014. The transaction is expected to be completed on December 4, 2015. Robert Schiebe of Schiebe und Collegen acted as insolvency administrator.
SAMBO MOTOS Co.,Ltd. (KOSDAQ:A053700) completed the acquisition of Carlsson Autotechnik GmbH from Zhongsheng Group Holdings Limited (SEHK:881) on December 5, 2015.
SAMBO MOTORS CO., LTD is a Korea-based company principally engaged in the manufacture of automobile components together with its subsidiaries. The Companyâs products portfolio consists of transmission parts including carrier plates, automatic plates, shaft assembly clutch release forks, rings, covers and center supports; engine parts including water pipes, oil screens, oil level gauges, heater pipes, stays and others, as well as fuel parts including fuel filler necks. The Companyâs main clients are KIA MOTORS, GM DAWOO, HYUNDAI MOTORS, HYUNDAI MOBIS and others. It distributes its products within domestic market and to overseas markets. On January 30, 2013, the Company established a new wholly owned subsidiary in Korea, engaged in the automobile parts and other items, to acquire Placor Co., Ltd.
SAMBO MOTORS CO., LTD 
