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| Friday, September 05, 2008 23:42:01 |
Continental AG unit to acquire Fugang Heli Electronics
Continental AG's automotive electronics and brakes division, Continental Automotive Systems (CAS), announced a plan Tuesday to acquire Zhangjiagang Fugang Heli Electronics, an auto parts maker in eastern China, China Auto News reported. The deal still requires regulatory approval. No financial details were given. If approved, the acquisition is expected to help CAS diversify its product line from braking systems. Jiangsu province-based Fugang Heli, ...
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