According to Reuters, sources said on Tuesday that ASIMCO Technologies Ltd. would be sold for more than 200 million U.S. dollars. The company is invested by the top Wall Street investment banker Jack Perkowski in Beijing 15 years ago. Auto parts manufacturer. ASIMCO Technology Co., Ltd. was established in 1994 and is the first global parts and components group rooted in China. It has now become China's largest manufacturer of independent automobiles and heavy truck parts, with annual sales of more than 500 million U.S. dollars. , To provide competitive prices and high-quality components for the automotive market in China and around the world, including various castings, brake systems and components, diesel fuel injection systems, and a wide range of noise reduction technology Important parts of products and engines, such as piston rings and camshafts. ASIMCO Group currently has 17 manufacturing companies and 52 sales offices in China and one sales branch in the United States, the United Kingdom, and Japan. About 70% of ASIMCO's sales are for Chinese customers, and the remaining 30% are sold to customers in the United States, Europe, and Japan. Sources said that the company has hired U.S. investment bank Houlihan Lokey to provide advice on the sale, and 15 global private equity funds, including Carlyle Investment Group [CYL.UL] and TPG Capital [TPG.UL], are inspecting ASIMCO's books. . The company declined to comment on this.
Chinese auto parts supplier Asia Tech wants to sell