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Anrui Optoelectronics acquires British WIPAC Ltd
[Source:Anrui Optoelectronics ] [ Browse:44 ] [ Time:2020-01-09 ]Font:[ big Middle Small ]

According to the company's development strategy, in order to improve the layout and promote the company's business progress in the field of intelligent LED car lighting, Anrui Optoelectronics purchased all WIPAC assets with its own currency funds of 10.5 million pounds,and also invested19.30 million pounds of its own currency funds for Purchase some equipment and supplement working capital. WIPAC Co., Ltd. is a wholly-owned subsidiary of British CARCLO Group (a British listed company). It is a 100-year-old,world-leading first-tier supplier of lighting systems for luxury cars and supercars. Its main research and development, production and sales include high-end Automotive headlamps, taillights and all types of external auxiliary lighting fixtures, the main customers are Bentley, AstonMartin, Ferrari, McLaren,Porsche, Audi, Mercedes-Benz, AMG and other world-renowned luxury car and super car manufacturers , Enjoy excellent reputation and reputation in the European automotive field.

Due to difficulties in the operation of CARCLO of the shareholders of WIPAC, the inability to continue to support further expansion plans of WIPAC, resulting in the interruption of funds in the investment of WIPAC and affecting the performance of WIPAC. Therefore, CARCLO adjusted its business focus and planned to sell its own assets and business. To improve operations. In order to strengthen business synergy and form long-term sustainable business cooperation with customers, Anrui Optoelectronics assures some important customers that before December 31, 2030, Anrui Optoelectronics directly and indirectly controls WIPAC, and gives WIPAC continuous and sufficient Financial support to enable WIPAC to fulfill its responsibility to provide products at any time.

This overseas investment is in line with the country ’s strategy and policy support to encourage Chinese companies to go global, and is in line with the company ’s development strategy. It is conducive to expanding high-end overseas markets, further enhancing the technological level and industry competitiveness of Anrui Optoelectronics, and increasing its international popularity. International strategy, gaining advantages in the European market, increasing market influence, expanding business scale, and increasing product market share.

 


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