Fangda represented Weifu High-Technology Group in its acquisition of the entire vacuum and hydraulic pump business in Italy and China from Robert Bosch GmbH
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Fangda Partners represented Weifu High-Technology Group Co., Ltd. (SZEX: 000581) (“Weifu”) in its acquisition of the entire vacuum and hydraulic pump business in Italy and China from Robert Bosch GmbH by an acquisition of 100% of the equity interests of VHIT S.p.A. Società Unipersonale (“VHIT”) together with its wholly-owned PRC subsidiary VHIT Automotive Systems (Wuxi) Co. Ltd at an enterprise value of EUR60,000,000 from Robert Bosch S.p.A. Società Unipersonale (“Robert Bosch Italy”). The transaction was signed on February 8, 2022 and publicized on February 9, 2022.
Established in 1958, Weifu is a leading automotive parts manufacturer in China. VHIT is a leading tier 1 supplier of pumps and valves for passenger cars and commercial vehicles in the world. Robert Bosch Italy is a subsidiary of Robert Bosch GmbH.
The Fangda team on this deal was led by corporate partners Norman Zhong and Chuck Sun, supported by key team members including Jiang Shuli, Zhao Wenyuan, Wyatt Zhang, Cao Munan, Danny Li and Frank Feng. Fangda handled deal structuring analysis, legal due diligence, drafting and negotiation of transaction documents. Fangda acted as the deal counsel to Weifu and coordinated local counsel support, including Pöllath + Partners in Germany and Chiomenti in Italy.
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