Zhongshan Broad-Ocean Motor Co., Ltd. acquired Prestolite Electric LLC.
April 08, 2015
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Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249) acquired Prestolite Electric LLC on April 7, 2015. Prestolite will maintain its organizational structure, and Chief Executive Officer Tony Wong will continue to lead the company. The deal has received approval from Committee on Foreign Investment in the United States.
Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249) completed the acquisition of Prestolite Electric LLC on April 7, 2015.
ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD is an electrical appliance manufacturer. The Company operates its businesses through four segments. The Household Appliances and Household Electrical Appliances segment provides air conditioning load motors, washing machines/dryer motors and others. The New Energy Vehicle Powertrain System segment provides new energy vehicles drive motors and controllers, among others. The Vehicle Rotating Electrical Appliances segment includes traditional car starters and generators. The New Energy Vehicles Operating Platform segment is engaged in the new energy car rental and Internet custom car, new energy vehicle charging station operation, charge pile construction and the provision of other operation and supporting services. The Company conducts its businesses within domestic and overseas markets.
ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD. 
