In 2023,Charging industryindustrymergerThe heat did not decrease.Even many cross-border players, especially enterprises with depressed business segments, are still eyeingCharging industryAfter all, there are still more opportunities for new industries.In the global market,mergerRestructuring happens frequently, and Chinese local enterprises want to passmergerIt is not uncommon for foreign companies to open their doors to the sea.Many enthusiastic cross-border players want to share in the charging market.According to the incomplete statistics of the charging head network, the year 2023 is listed for everyoneCharging industryTop 10mergerevent.
The above contents are summarized by the charging head network in 2023 according to the order of the amount invested by the acquirerCharging industryTop 10 M&A events, this article willCharging industryFor the background, introduce the details of the top 10 M&A events since 2023 to readers.
Infineon acquires GaN Systems
On October 24, 2023, Infineon Technology announced the completion of acquisitionGallium nitrideGaN Systems.This company, headquartered in Ottawa, Canada, has brought a wealth ofGallium nitride(GaN) power conversion solution portfolio and leading application technology.After the transaction, GaN Systems has officially become an integral part of Infineon.
On March 2 this year, Infineon and GaN Systems jointly announced that they had signed a final agreement.According to the agreement, Infineon will spend $830 million to acquire GaN Systems.This "all cash" acquisition was completed using existing working capital.
Jochen Hanebeck, CEO of Infineon Technology, said that the acquisition of GaN Systems would significantly promote the companyGallium nitrideTechnology roadmap, and let us have all the major power semiconductor technologies at the same time, further enhancing Infineon's leadership in the field of power systems.
Kangshu acquires ABB's power conversion business unit
On July 3, 2023, Kangshu Technology Co., Ltd. (hereinafter referred to as "Kangshu Technology") announced that it had completed the 100% cash acquisition of the power conversion business unit of ABB Ltd (hereinafter referred to as "ABB Group").The basic selling price of this transaction is 505 million dollars, subject to the price adjustment mechanism.As early as January 20, 2023, Kangshu Technology announced that it would acquire all the shares of ABB's power conversion business unit for US $505 million to expand the layout of 5G, data center, electric vehicle charging infrastructure, and expand the U.S. market.
Xu Jieli, chairman of Kangshu Technology, said that the two companies are highly complementary in product portfolio, customer composition and expertiseWith its core advantages in the ODM field and ABB Power Conversion's advanced technology in high-end, high-quality products and system solutions, Kangshu Technology will be able to provide more complete product portfolio and solutions, and continue to create value for customers and investors.
Kangshu Technology said that by combining the advanced technology of ABB Power Conversion and its expertise in the field of system solutions, Kangshu Technology will accelerate its progress towards solution providers, expand the territory of American customers, strengthen local service capabilities, and expand the global production network.
Tesla acquires Wiferion
According to German media reports on July 31, 2023, Tesla has confirmed that it has completedWireless chargingThe planned acquisition of Wiferion, a technology company, was also renamed Tesla Engineering Germany GmbH, with an acquisition price of up to US $76 million (about 543 million yuan).The acquisition was reported by the media as early as June. Previously, it was reported that Tesla was very interested in Wiferion's R&D team and capabilities. It is expected that Wiferion's existing business will continue to operate as usual.
Wiferion is a company focusing on non-contact charging and energy systems. Its main business is to provide induction charging solutions for automated transport systems in industrial environments such as warehousing.suchWireless chargingThe technology can enable electric vehicles to be charged in specific areas such as parking lots or warehouses without the use of traditional charging plugs and cables, thus improving charging efficiency and ease of use.
Tesla's acquisition of Wiferion means that TeslaWireless chargingThe emphasis on technology is also a step for Tesla to further develop the field of charging technology.Tesla will further develop Wiferion charging, battery system, cable free intelligent robot charging and other products.Tesla will also use Wiferion's technology and expertise to further strengthen itsWireless chargingResearch and development capabilities in the field.
Borg Warner acquires Chase Electric
On March 1, 2023, Borg Warner announced that it had completed the acquisition of the charging and electrification business of Hubei Chasri Electric Co., Ltd. (SSE).This acquisition is an important measure for Bergwarner to increase its business layout in China, which can effectively improve and support the existing charging business landscape of Bergwarner in Europe and North America.
In September last year, Borg Warner announced that it had reached an equity transfer agreement with Hubei Chasri Electric, and agreed to acquire Hubei Chasri Electric's electric vehicle solutions, smart grid and smart energy businesses.The value of this transaction is up to 410 million yuan, of which about 267 million yuan will be paid immediately upon or after the completion of the transaction, and the remaining about 143 million yuan can be paid in the form of contingent payment within about two years after the completion of the transaction.At that time, Bergwarner said that Hubei Chasri Electric's charging and electrification business in China was expected to supplement the existing business of Bergwarner in Europe and North America.
After a series of acquisitions, Bergwarner has successfully entered the business fields of electric drive systems, thermal management systems, power battery packs and other business fields of electric vehicles and hybrid vehicles. The acquisition of charging business means that its business layout in the electrification field is further improved, which also shows that Bergwarner is very optimistic about the future development prospects of the charging business.
Jingfeng Mingyuan acquires Lingou
On March 15, 2023, Jingfeng Mingyuan announced that it planned to sign the Asset Purchase Agreement with the shareholders of Nanjing Lingou Chuangxin Electronics Co., Ltd. (hereinafter referred to as "Lingou Chuangxin"), Guangfa Xinde Investment Management Co., Ltd., Zhoushan and Zhongxin Enterprise Management Consulting Partnership (Limited Partnership),It is agreed to acquire 38.87% of the shares of Lingou Chuangshin held by the above shareholders in cash.The total price of equity transfer is 250 million yuan.After the completion of the acquisition, Jingfeng Mingyuan held 61.61% of the equity of Lingou Chuangxin.
According to the industrial and commercial data, as early as April 2020, Jingfeng Mingyuan invested in Lingou Chuangxin, holding 5% of the shares. At that time, the target was valued at 150 million yuan. The two sides mainly carried out business cooperation;By July 2021, Jingfeng Mingyuan will plan to issue shares and pay cash, and spend a total of 613 million yuan to buy 95.75% shares of Lingou Chuangxin held by 14 counterparties.
Today, when Jingfeng Mingyuan restarted its acquisition of Lingou Chuangxin, Lingou Chuangxin has become a joint-stock company under Jingfeng Mingyuan.
Through the acquisition of Lingou Chuangxin, business synergy can be formed, Jingfeng Mingyuan's product layout can be further expanded, its strategic layout in the field of smart home can be strengthened, and new scenarios of chip applications such as electric vehicles, servo control, electric tools, household appliances, etc. can be expanded.At the same time, the two sides can create synergies in procurement channels, technology development, customer resources and other aspects. Listed companies can further expand product categories and obtain new profit growth points. Lingou Chuangxin can use the platform of listed companies to expand financing channels and enter the fast lane of development.
Navitas acquires Elevation
On February 1, 2023, it was reported that Nano Semiconductor announced that it had reached an agreement with Guangdong Xidi Microelectronics: Nano Semiconductor acquired the remaining minority equity of the silicon controller joint venture held by Xidi Microelectronics with a share equivalent to US $20 million.Nanosemiconductor focuses on building the next generation of power semiconductor andGallium nitrideAnd silicon carbide power chips.
In 2021, Nano Semiconductor and Xidi Micro established a joint venture, focusing on the research and development of silicon controllers in specific application fieldsGallium nitridePower chips are used together to set new standards for efficiency, power density, cost and integration in various application scenarios.It is understood that the first generation products of both parties have completed R&D and been put into mass production, providing AC-DC power application solutions for mobile terminals, consumer electronics, household appliances and auxiliary power supply for enterprises, renewable energy, electric vehicles and other related industrial markets.Silicon controller and GaN power chip are used together in the form of "chipset" or co packaging, which can adapt to the application scenarios from 20W to 500W. The product has been adopted by dozens of customers in the next generation of products released later this year.
Through this acquisition, nano semiconductor can combine key silicon controller capabilities and GaN and SiC technologies, which can maximize system advantages.This is because all power systems need silicon controllers, and to a large extent, silicon controllers define the architecture of these systems.
On March 30, 2023, Xianying Technology (301067. SZ) announced that the company planned to purchase 51% of the equity of Dongguan Runzhong Electronics Co., Ltd. ("Dongguan Runzhong") for 55.2952 million yuan.After the completion of the transaction, the company will hold 51% of the equity of Dongguan Runzhong, which will become a holding subsidiary of the company.
Xianying Technology signed the Equity Transfer Agreement between Shenzhen Xianying Technology Co., Ltd., Dongguan Runzhong Electronics Co., Ltd. and all its shareholders on Dongguan Runzhong Electronics Co., Ltd. with Liu Wei and Tan Xianxiu on March 30, 2023. The company plans to use the remaining over raised capital of 45.6576 million yuan and part of its own capital of 9.6376 million yuan,A total of 55.2952 million yuan was used to purchase 51% of the equity of Dongguan Runzhong. The transaction price was estimated at 6.8 times of the net profit of Dongguan Runzhong in 2022 after deducting non recurring profits and losses (i.e. 15.9444 million yuan) through audit, and was determined by both parties through consultation.
This transaction is an important strategic move for Xianying Technology to expand customers of power adapter products.After the completion of this acquisition, Xianying Technology can fully integrate the technology, R&D capability and customer resources with Dongguan Runzhong, and improve its market share in power adapter products.
On June 10, 2023, the domestic analog chip manufacturer Sirip disclosed its acquisition plan. It plans to acquire 95.6587% of the equity of Shenzhen Chuangxin Microelectronics Co., Ltd. (hereinafter referred to as "Chuangxin Microelectronics") by issuing shares and paying cash, and raise supporting funds.Power management chips are a major category of analog chips. This time, Threep launched an acquisition in this field, which reflects the market potential of this part of business and intends to continue to expand the company's industrial scale.
On December 9, 2023, SAP announced the new progress of acquiring Chuangxin Micro.Half a year later, the company and the shareholders of Chuangxin Micro are still negotiating, but no agreement has been reached on the terms of the transaction.The company's counterparties include 17 natural persons and institutional shareholders of Chuangxin Micro.In the announcement in December, Threep disclosed that it had reached preliminary agreement with Core Kinetics and Ningbo Yihui on the main terms of the transaction, but "there are still a few counterparties that have not reached agreement with the company, and the company is actively negotiating with them".Who are the "minority counterparties"? There is no excessive disclosure.
In this transaction, both Threep and Chuangxin Micro are analog chip design companies, and the two sides are expected to produce synergy in product categories, technology accumulation, customer resources and other aspects.
Anshi Semiconductor acquires Nowi
On November 28, 2023, the official website of Anshi Semiconductor issued an announcement confirming that the Dutch government has approved the acquisition of the Dutch semiconductor start-up Nowi by the Chinese company Nexperia.
Anshi Semiconductor, headquartered in the Netherlands, is a wholly-owned subsidiary of Wentai Technology, a Chinese A-share listed company and an Apple optical module supplier.The company mainly produces semiconductor devices for automobiles.In 2022, the global turnover will exceed 2.4 billion US dollars, and the world will have more than 100 billion products shipped. At a forum this year, company executives announced that "the share of discrete devices produced by Anshi in the global market has reached 9.4%, and there are 600 Anshi products in each new energy vehicle".
Nowi is a semiconductor start-up in Delft, the Netherlands, which mainly produces battery replacement chips. A core product developed by Nowi can obtain energy from environmental resources such as solar energy, vibration and radio waves to charge or completely replace batteries.
This acquisition not only promoted the development of Anshi Semiconductor in the Netherlands, but also provided support for the company's strategic layout in the field of energy efficiency.
PetroChina acquires Putian New Energy
On September 7, 2023, PetroChina successfully acquired 100% of the equity of Putian New Energy Co., Ltd. (Putian New Energy for short) in Beijing Equity Exchange.It is reported that the listing price of this transaction is about 1.5 billion yuan, and the specific transaction price has not been disclosed by both parties.This acquisition is an important layout of PetroChina in the charging field. PetroChina has improved its facilities and service level by constantly improving the charging network.At the same time, it will help gas stations to further improve the new energy network, create a "charging+" industrial ecology, and help sales companies to transform into "oil, gas, hydrogen, electricity and non" comprehensive energy service providers.
It is worth noting that, in addition to the latest acquisition of Putian New Energy, PetroChina, Ningxia Zhongwei New Energy Technology Co., Ltd. and Kunlun Trust Co., Ltd. jointly established Kunlun Green Energy Technology (Ningxia) Co., Ltd. on July 20 this year, with the shareholding ratio of 49%, 35% and 16% respectively.On August 1 this year, PetroChina and Putian Meizhou Island Tourism Construction Group Co., Ltd. jointly established PetroChina (Putian Meizhou Island) Comprehensive Energy Services Co., Ltd., with the shareholding ratio of 95% and 5% respectively.On August 18, 2023, PetroChina and Wuliangye Group also jointly established Sichuan Zhongxin Green Energy Co., Ltd., with the shareholding ratio of 49% and 51% respectively.From the business scope of these three companies, they also bear the layout of PetroChina in the charging market.
For this acquisition of Putian New Energy, PetroChina will seize the window period of new energy industry development in the next three years, complete the strategic layout of charging pile business in the country, and strive to become one of the leading enterprises in charge and replacement.
Summary of charging head network
With the popularization of mobile devices and the rapid development of the electric vehicle market,Wireless chargingMarket demand will continue to grow.In the next few years, wireless charging technology will become more popular and its applications will be more extensive.With the entry of cross-border players from all walks of life, the competition in the charging industry has become more intense, and the charging industry has also made significant development in the past few years.It is believed that the charging industry will make greater technological breakthroughs and progress through the continuous technological innovation and investment cooperation of major enterprises.
Warm prompt: The above information is for reference only, not for market entry suggestions;The investment is risky, so you should be cautious when entering the market.