June 2017

FEUER powertrain and Chinese Haowu-Group agree strategic Partnership and Joint Venture in China

FEUER powertrain, a leading OEM-independent crankshaft manufacturer in Europe has entered into a comprehensive strategic partnership with Chinese Haowu-Group. Haowu is the parent company of Neijiang Jinhong Crankshaft, a leading crankshaft manufacturer in China and is also active in other areas of the automotive industry.

Under the newly formed partnership, FEUER powertrain and Haowu-Group will pursue the implementation of a Joint Venture in China, which shall bundle the business of both partners for high-end crankshafts in Asia and shall lay the foundation for further growth in the Asian market. Main focus of the cooperation in the Joint Venture shall be especially Western OEM’s. Thereby, the contribution of FEUER powertrain will in particular be its strong technological know-how and excellent access to European and US premium OEM’s, while the contribution of Haowu-Group will especially be its excellent access to the Chinese and other Asian markets and its experience in building and operating efficient production plants in China.

Furthermore, as part of the overall transaction, Haowu becomes a 50% shareholder of FEUER powertrain – which underpins the envisaged long-term perspective of the partnership and also ensures the full alignment of interest among the partners.

In connection with the transaction, Argonas Corporate Finance Advisors acted as exclusive M&A advisor to FEUER powertrain and its shareholders. Thereby, the support covered the whole transaction process reaching from the initiation of sounding talks, through the due diligence phase to the negotiation of the very individual and tailor made transaction structure.

More information: Press release