Merger • Machinery

Shanghai Electric Group Co. Acquires Shanghai Prime Machinery

On October 14, 2020, Shanghai Electric Group Co. acquired machinery company Shanghai Prime Machinery for 1.1B HKD

Acquisition Context
  • This is Shanghai Electric Group Co.’s 2nd transaction in the Machinery sector.
  • This is Shanghai Electric Group Co.’s largest (disclosed) transaction.
  • This is Shanghai Electric Group Co.’s 1st transaction in China.

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M&A Deal Summary

Date October 14, 2020
Target Shanghai Prime Machinery
Sector Machinery
Buyer(s) Shanghai Electric Group Co.
Deal Type Merger
Deal Value 1.1B HKD

Target Company

Shanghai Prime Machinery

Shanghai, China
Shanghai Prime Machinery is a fasteners manufacturer and exporter. Shanghai Prime Machinery was founded in 2005 and is based in Shanghai, China.
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Buyer Overview 1

Buyer

Shanghai Electric Group Co.

Shanghai, China

Category Company
Founded 1902
Sector Energy Services and Equipment
Employees40,260
Revenue 116.2B CNY (2024)
DESCRIPTION

Shanghai Electric Group Co. is a power generation and electrical equipment manufacturing company. Shanghai Electric Group was founded in 1902 and is based in Shanghai, China.


Deal Context for Buyer #
Overall 3 of 3
Sector: Machinery 2 of 2
Type: Merger 1 of 1
Country: China 1 of 1
Year: 2020 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 Broetje-Automation

Jade, Germany

Broetje-Automation GmbH is a developer and producer of machines and complete lines for the automated assembly of aircraft. A key product category are riveting machines and lines used to automatically rivet, join and assemble large aircraft components such as fuselage, wings or cockpits made of metal or carbon fibre composites.

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