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  • Haozhi Industrial to buy CHF30 mln stake of European industrial automation company

    Guangzhou Haozhi Industrial Co., Ltd. (300503.SZ) plans to purchase 100 percent stakes of Infranor Holding SA and Bleu Indim SA, which was held by Perrot Duval, with estimated transaction value at 30 million-35 million Swiss franc.

    January22,2019


  • Midea buys controlling stake in Servotronix

    Chinese electronics giant Midea Group has purchased more than 50 percent of the Israeli automation company Servotronix Motion Control, with the latter valued at $170 million.

    February16,2017


  • Midea buys controlling stake in Servotronix

    Chinese electronics giant Midea Group has purchased more than 50 percent of the Israeli automation company Servotronix Motion Control, with the latter valued at 170 million U.S. dollars, Chinese financial news portal caixin.com reported on Tuesday.

    February16,2017


  • Automotive production in Brazil dropped 11.2 pct in 2016

    Brazil's production of automotive vehicles reached just 2.16 million units in 2016, a drop of 11.2 percent on 2015, according to a report issued Thursday by the national association of automakers, Anfavea.

    January06,2017


  • China's supply-side reform to bring new opportunities in power, automation markets, CEO of ABB Group

    Against the background of the energy revolution and the fourth industrial revolution, China's "new normal" development and supply-side reform will bring lots of market opportunities to the power and automation enterprises, said Ulrich Sp

    November09,2016


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