Yangzhou Leader was founded in 1997 and has around 250 employees. It specializes in the production of shock absorber components made of powder metal.
PMG already owns one production site in Shanghai, China and makes PM powertrain components for electric motors, electrically powered axles and alternative drive systems. Yangzhou Leader will be added to its shock absorbers business unit.
“Through the acquisition of Leader, PMG is […] strengthening its market position as a leading supplier of powder metal components and system solutions in the automotive industry,” a press release said.
“Leader is an effective addition to our production portfolio in the dynamic Chinese market,’ said Dr Marius Gutes, CEO of PMG.
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