A Chinese state-owned enterprise, the 3rd biggest heavy-duty vehicle company in China, approached Horsten in view of a possible acquisition of a Belgian company to extend its distribution network and to get access to new technologies in view of a planned expansion of its activities in China.
The potential Belgian target company is a manufacturer of tank semitrailers, tank trucks, trailers, and superstructures for transporting fuel, heating oil, liquid petroleum gas, and aircraft fuel, with production facilities in Belgium and in Poland.
After an investigation and initial discussions between the partners, the Chinese company decided not to pursue the opportunity.
Involvement of Horsten International
Horsten introduced the two parties, prepared the investment proposal and participated in the M&A discussions.