Weichai Heavy Machinery Co., Ltd. agreed to acquire Weichai Power Westport New Energy Engine Co., Ltd from Weichai Holding Group Co.,Ltd., Westport Innovation (Hong Kong) Co., Ltd., Peixin Natural Gas Equipment Co., Ltd. and Guanya Equity Investment Fund Partnership Enterprise (L.P.), managed by Shenzhen Guanya Equity Investment Fund Management Co., Ltd.
October 26, 2022
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Weichai Heavy Machinery Co., Ltd. (SZSE:000880) agreed to acquire Weichai Power Westport New Energy Engine Co., Ltd from Weichai Holding Group Co.,Ltd., Westport Innovation (Hong Kong) Co., Ltd., Peixin Natural Gas Equipment Co., Ltd. and Guanya (Shanghai) Equity Investment Fund Partnership Enterprise (L.P.), managed by Shenzhen Guanya Equity Investment Fund Management Co., Ltd. on October 26, 2022. The transaction is approved by board of directors of Weichai Heavy Machinery Co., Ltd. (SZSE:000880) and is subject to regulatory approvals.
Weichai Heavy Machinery Co Ltd is a China-based company mainly engaged in the development, manufacture and sales of 30-12,000 horsepower medium and high-speed diesel engines, generator sets and power integration systems for the marine power and power generation equipment markets. The Company's generator sets are used in communication, petroleum, medical, plateau, railway, field rescue, agriculture and animal husbandry fields. The Company also provides diesel engine parts, marine gearbox accessories and other products. The Company distributes its products within domestic and to overseas markets.
Weichai Heavy Machinery Co., Ltd. agreed to acquire Weichai Power Westport New Energy Engine Co., Ltd from Weichai Holding Group Co.,Ltd., Westport Innovation (Hong Kong) Co., Ltd., Peixin Natural Gas Equipment Co., Ltd. and Guanya Equity Investment Fund Partnership Enterprise (L.P.), managed by Shenzhen Guanya Equity Investment Fund Management Co., Ltd.