Trumpf, German machine tool manufacturer, will take over 72% equities in Jiangsu Jinfangyuan CNC Machines; the remaining 28% equities will be maintained by existing shareholders of Jinfangyuan.
Jinfangyuan will retain company name and independent brand operation and original management will continue entire operation management.
Trumpf has set up two production bases in Dongguan and Taicang; it made EUR 181.9 million sales value in China in 2012-2013 period.
Source:
http://www.sinocast.com/readbeatarticle.do?id=100625
