Geely Holding Group, one of China's better clandestine carmakers, said on Friday it has acquired Australian automated manual supplier Drivetrain Systems International (DSI), to addition its adequacy in auto genitalia technologies.
The Zhejiang-based carmaker will acquaint DSI's articles and technologies in the calm auto bazaar and advice DSI attending for bargain genitalia sourcing opportunities in China, Geely said in a statement.
The accord would additionally accommodate funds to the ailing Australian company's development and analysis on fresh articles to advance its arch position in the all-around market.
Geely will absorb the DSI cast and its ability to ensure casework to all-around clients, the account said.
However, the aggregation did not acknowledge any banking abstracts and accommodation about the transaction.
DSI, with added than 80 years of history, was OEM (original accessories manufacture) supplier for arch automakers like Ford, Chrysler and Ssangyong Motor. It has an anniversary accommodation of 180,000 automated manual systems.
The abounding argument is accessible in the March Issue of Auto China report. Please appointment publications for added cable details.
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