China’s Tianyouwei to Buy German High-End Auto Parts Supplier Krämer
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Tianyouwei Electronics, a Chinese automotive instrument maker, will acquire German auto parts supplier Krämer Automotive Systems for EUR1 million. Despite Krämer's insolvency, Tianyouwei sees potential for synergy and aims to enhance its product line and market share in Europe. Krämer's high-end clients are considered key resources for Tianyouwei's growth. The acquisition will not change Krämer's management. Tianyouwei's stock rose 0.9% in Shanghai.
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