On 20th December 2007, Faiveley Transport, a company controlled by Faiveley SA and Sagard, completed the acquisition of 50% of Shi Jia Zhuang Jia Xiang Precision Machinery, based in the Hebei province, 250km south-west of Beijing, China.
This company, founded in 2001, is specialised in the development and production of compressors for the railway market. Its sales reached €7 million in 2006. With over 70 employees, they hold a significant domestic market share in the metro, EMU and locomotive markets.
This acquisition will enable Faiveley Transport to benefit from engineering and development expertise and a recently developed state-of-the-art range of products. Faiveley Transport will benefit from competitive production costs and increase its research and development capacity.
Shi Jia Zhuang Jia Xiang Precision Machinery will benefit from Faiveley Transport’s global presence to conquer new markets.