Sina Auto News On November 25th, Greencool, who has successfully integrated the refrigerator industry in the past two years, held a press conference in Beijing to announce the acquisition of Tomkins, a world-famous auto parts manufacturer, through its overseas subsidiary GRC capital. Subsidiary - Gates International's automotive pipe fittings plant in Nevers, France; also announced the acquisition of Leyland Product Development Ltd (LPD), a renowned European automotive design company. . Following the successful acquisition of the domestic company Yaxing Bus and Xiangyang Bearing into the automotive industry, Greenback again wholly acquired two European famous auto parts and automobile design companies and obtained 100% equity in the two companies. Through this acquisition, Greencool not only won the qualification for the supply of auto parts from the world’s leading vehicle manufacturer Tire.one overnight, but also reduced the huge gap between Chinese companies and the world’s automobile giants in bus design technology to zero. . Greenkell's acquisition of the subsidiary of the world-famous auto parts manufacturer Tom Kens - Gates International's automotive pipe fittings factory in France. Tomkens is one of the world's largest auto parts manufacturers. It is listed on the London Stock Exchange and has annual sales of more than 3.1 billion pounds. It is a major player in the production and sales of the auto parts industry in the world. Gates International is Tomkins's main drive belt and automotive pipe fittings company. It is the world's largest manufacturer of drive belts, with annual sales of about 1.4 billion pounds, of which automotive pipe business accounts for about 25%. The main customer of Gates International's tubular plant in France is the French Peugeot Citroen, which is its partner in the production and co-development of automotive and engine fittings. In 2002, Gates International decided to strategically withdraw from the French automotive pipe fittings business, and look for reliable companies that can act as strategic partners in the world to transfer their pipe fittings factories and businesses in France and serve existing customers together. . Gates International and Greencool have a high degree of unanimous opinions on the production and technological development direction of auto parts, and both parties have mutual respect for each other’s social responsibility, management’s internationalization and professionalism. To complete business negotiations in a shorter period of time. Greencool always regards the integration of technology as the key to the success of mergers and acquisitions. The acquisition includes Gates International’s permanent use of 11 patents on automotive pipe fittings. Gates International's patents on automotive pipe fittings have high commercial value, and it is these patents that have made it a long-term leader in the world. Gates authorized Greencool to use these patents permanently in France and China, and both parties agreed to continue cooperation in the technical development of fittings. Greencool will use Gates’ technology in automotive pipe fittings to establish a large-scale, low-cost production base for automotive pipe fittings in China and produce automotive pipe fittings with global technical quality requirements and competitive prices, and plans to achieve it in 2007. The Chinese factory’s sales of 100 million euros will be sold to major auto manufacturers worldwide. To achieve this goal, in addition to its production and technology investments in China, Greencool is increasing its technology investment in French pipe fittings factories and developing it into a global research and development base for the Greencool Automotive Pipe Fittings business. Initially invested 6 million euros to update existing laboratories, add test equipment, and introduce world-class R&D personnel. Gates is a supplier of auto parts for the world's leading automotive companies. With this acquisition, Greencool will be qualified for the supply of auto parts from Tire.one, the world's leading automaker. The company will also acquire technologies that are ahead of its peers, as well as meet the quality standards required by global automotive companies, production procurement models and mutual trust. Another LPD acquired by Greencool was formerly the research and development department of British car giant Leyland Motors (trucks, buses, road passenger cars, etc.) and has been engaged in trucks, buses, highways for many years. The design and manufacture of passenger vehicles has extremely strong technical strength. Customers include the world famous automobile giants. The British Leyland Motor Company was a state-owned group company that included almost all types of car manufacturing facilities in the UK in the 1980s. During the privatization process that began in the early 1990s, various departments of Leyland Motors Corporation were dismantled and sold. The production department was acquired by the Ford Motor Company of the United States, BMW of Germany, and Volvo of Sweden. About 120 R&D personnel from the research and development department of the trucks, buses, and road passenger coaches of Leyland Motors Co., Ltd. are independent and become Leyland Product Development Ltd., continuing to produce trucks, buses, and road passenger cars for the UK. The company provides complete services ranging from design, testing, prototyping, prototype production to small-volume production, and extends its customer base to virtually all major truck, bus, and road passenger vehicle manufacturers worldwide. LPD has the ability to design trucks ranging from 2 tons to 150 tons, as well as the ability to design Europe's most advanced, comfortable, environmentally-friendly, barrier-free buses and road passenger vehicles. LPD has been designing chassis, suspension, transmission and steering mechanisms for various trucks, buses and highway passenger vehicles, electronically controlled body structures, and barrier-free platforms for world famous companies. It is also developing a new generation of hybrid buses and electric vehicles. Driving a city minibus. LPD designs according to the customer's production standards, and pays attention to the continuation and versatility of automotive design to minimize the production cost of new models. LPD's production facility in Lancashire, UK, is capable of producing trucks, buses, and chassis, bodywork, decoration and even entire vehicles in small batches. The new models designed by LPD are usually produced prototypes here for technical testing and verification, and then produce a certain number of test vehicles to be delivered to end-users for operational testing. LPD's production plants can produce according to different customers' production standards, and provide customers with subsequent design and improvement of production processes for mass production. The road rescue vehicle system developed by LPD in 2000 has an important market share in the UK and even in Europe. Its proprietary design makes the system small, simple, reliable, and has good driving performance, accounting for more than 40% of road rescue in the UK. market share. LPD’s acquisition is significant to Greencool’s global development strategy for buses and road passenger coaches. It allows Greencool’s design and production technologies to reach the same level as the world's major automakers. Kohl's subsidiary, Yaxing Bus, a bus and road passenger vehicle manufacturer, has close and long-term technical support. Although the Chinese auto industry has developed rapidly in recent years, it is an indisputable fact that "technology" is inferior to people. As far as auto parts manufacturers are concerned, none of the products produced so far can be considered by the world's auto brands, all of which are sold domestically or sold to some backward developing countries. Objectively speaking, if China’s auto industry only engages in R&D on its own, it will take at least several decades to reach the level of developed countries such as Europe and the United States. Greenkell's acquisition of these two companies has caused tremendous shock in the automotive industry. People in the industry believe that Greenkell's successful cross-border mergers and acquisitions achieved technological development after the launch of the first, reducing the huge gap between itself and the world's 100-year brand to zero, and thus fundamentally establishing its own core competitive advantage. This acquisition has far-reaching implications for the future of Chinese buses.