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A global giant’s milestone step in China’s low-voltage electrical components sector

DEAL FLASH | INDUSTRIAL MACHINERY | APRIL 2021

HuanYu Group Co., Ltd., a leading Chinese electrical equipment manufacturer, has accepted a strategic investment by Eaton, a global electrical giant, to form a joint venture company – HuanYu High Tech Co., Ltd. – to manufacture and market low-voltage (LV) circuit breakers and contactors in China.

China is one of the biggest markets for LV electrical components, with 2,000 companies engaged in the business. In 2020, the market size exceeded US$15 billion. Powered by the development of 5G technology, clean energy, as well as grid transformation, it will continue to expand in 2021–2023.

"We are very pleased to have achieved a strong strategic cooperation with Eaton with the help of Oaklins’ team. This will be a major change and integration in the field of low-voltage electrical components in China. With the local supply chain and resource network in Wenzhou, I believe we will be able to expand our market share, upgrade our technology, products and management and quickly grow into a more successful enterprise."
WANG KAI, CHAIRMAN, HUANYU HIGH TECH CO., LTD., CHINA

Oaklins played a major role in facilitating this transaction

Oaklins’ team in Shanghai assisted the seller through a structured sale process, from the multiple phases of bidding, to valuation, and finally to SPA negotiations and closing. The team also led the vendor due diligence and facilitated and assisted in the legal and financial aspects of the transaction.


To read the Full Transaction Details click the link below!

Oaklins Industrial Machinery and Compone
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M&A ADVISORY | MERGERS & ACQUISITIONS | M&A SEATTLE