ZMJ and CRCI to acquire Bosch's Starters and Generators Business

Zhengzhou Coal Mining Machinery Group (ZMJ), an industrial group that produces auto components and coal mining machinery in Zhengzhou, China, and CRCI (China Renaissance Capital Investment), a Hong Kong-based private equity firm, have announced that relevant parties have entered into a binding agreement to acquire Robert Bosch GmbH's Starter and Generator business (SG).

The transaction is expected to accelerate SG's growth in North America and China and maintain SG's market position in Europe. The company has 16 locations in 14 countries, including in Germany, China, Brazil, Hungary, India, Mexico, South Africa, Spain, and the U.S.