CRCI, Chinese strategic agree $595m carve-out of Bosch unit
China Renaissance Capital Investment (CRCI) and Chinese industrial group Zhengzhou Coal Mining Machinery (ZMJ) have agreed to buy a starter and generator (SG) manufacturing business from German engineering multinational Robert Bosch for EUR545 ($595 million).
The new owners plan to accelerate SG’s growth in China and North America, and help the company maintain its market leading position in Europe. ZMJ said in a filing that on completion of the acquisition...
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