M&A Deal Summary

Hengtong Optic-Electric Acquires Huawei Marine Networks Co.

On October 30, 2019, Hengtong Optic-Electric acquired electrical equipment company Huawei Marine Networks Co. from Huawei and Global Marine Group

Acquisition Highlights
  • This is Hengtong Optic-Electric’s 1st transaction in the Electrical Equipment sector.
  • This is Hengtong Optic-Electric’s 1st transaction in China.

M&A Deal Summary

Date 2019-10-30
Target Huawei Marine Networks Co.
Sector Electrical Equipment
Buyer(s) Hengtong Optic-Electric
Sellers(s) Huawei
Global Marine Group
Deal Type Divestiture

Target

Huawei Marine Networks Co.

Tianjin, China
Huawei Marine Networks Co. Ltd. provides cost-effective turnkey submarine cable system solutions incorporating system design, integration and installation services with an on-going focus and commitment to customer support for network operators. Huawei Marine Networks Co. Ltd. was founded in 2008 and is based in Tianjin, China.

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Buyer(S) 1

Buyer

Hengtong Optic-Electric

Suzhou, China

Category Company
Founded 1993
Sector Electrical Equipment
Employees16,203
Revenue 60.0B CNY (2024)
DESCRIPTION

Hengtong Optic-Electric is a provider of optical fiber communication and power transmission, and builds a complete industrial chain and independent core technology of optical fiber communication and quantum communication, and enters into high-end products and new fields such as ocean engineering, quantum security communication, big data, and expands new strategic space. Hengtong Optic-Electric was founded in 1993 and is based in Suzhou, China.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 2

SELLER

Huawei

Shenzhen, China

Category Company
Founded 1987
Sector Technology Hardware
Employees140,000
DESCRIPTION
Huawei office in Dubai, United Arab Emirates.
Huawei office in Dubai, United Arab Emirates.

Huawei is a designer and producer of networking and telecommunications equipment and services. The Company also produces cell phones and other consumer-oriented technology and products. Huawei was established in 1987 and is based in Shenzhen, China.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Neul

Cambridge, United Kingdom

Neul is a Cambridge, U.K.-based radio module maker focused on the internet of things.

Buy $25M
SELLER

Global Marine Group

Chelmsford, United Kingdom

Category Company
Founded 1983
Sector Marine
DESCRIPTION

Global Marine Group is a provider of engineering and underwater services, responding to the subsea cable installation, maintenance, and burial requirements. Global Marine Group was founded in 1983 and is based in Chelmsford, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: China M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 CWind

North Lincolnshire, United Kingdom

CWind is an integrated service provider (ISP) that supports the wind industry by providing on-demand services. CWind is based in North Lincolnshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 CWind

North Lincolnshire, United Kingdom

CWind is an integrated service provider (ISP) that supports the wind industry by providing on-demand services. CWind is based in North Lincolnshire, United Kingdom.

Sell -