October 24, 2016 (Troy, Michigan) - On September 22, 2016, CATARC (China Automotive Technology and Research Center) and Ducker Worldwide signed a strategic partnership agreement in Shanghai, China. Ducker Worldwide’s Asia-Pacific Managing Director Markus Pfefferer and CATARC’s Associate President, General Manager of Shanghai CATARC Mr. Yu Hongtao and relevant personnel from each company were present at the ceremony. Pfefferer and Mr. Yu signed the agreement on behalf of perspective companies.
The signing of this agreement established a close relationship between Ducker Worldwide and CATARC, in which Ducker Worldwide will assist various Chinese automotive companies in finding suitable business partners in Europe and North America for technology transfer, mergers and/or acquisitions. In addition to identifying suitable business partners, Ducker Worldwide will facilitate intercultural M&A activities for such companies.
“With CATARC’s influence in China’s automotive industry, we are looking forward to helping Chinese automotive parts suppliers target strong business partners in North America and Europe. Our expansive knowledge of the automotive industry, coupled with our diverse advisory team will certainly lead to strong business outcomes for all parties involved,” said Pfefferer.
Mr. Yu pointed out, “In recent years, Chinese automotive companies have become more and more active in overseas investments and cooperation. The pace of internationalization is getting faster. This will be further driven by both the governmental policy “Made in China 2025” and “One Belt, One Road” and the increasing openness of Chinese capital market and the high valuation advantage of automotive companies in Chinese stock market. However, disadvantages exist for many small to medium sized Chinese automotive parts companies handling overseas M&A and cooperation, including limited information availability, lack of qualified talents, and weakness in technical evaluation capabilities etc. That’s why we need to work together with professional consultants such as Ducker Worldwide, who have a strong global foot print and proven expertise to facilitate the target identification and transaction.”
Ducker Worldwide has more than five decades of automotive experience, and a deep understanding of the Chinese, regulatory-influenced and technology-driven automotive market. This deep understanding allows Ducker clients access to greater advantages in automotive and transportation industry by getting products to market faster, increasing content by platform and building strong Tier-OEM relationships.
Ducker Worldwide, a premier growth consulting, transaction advisory and research firm, is driven to help its clients achieve their most ambitious growth goals. Custom market intelligence, strategic growth consulting and transaction advisory services are delivered by fully-engaged Ducker principals and a diverse team of global talents. With exclusive access to industry leaders and opportunities, Ducker applies robust analytics and critical thinking to every engagement, delivering unique, fact-based solutions for our clients – solutions which produce confident decisions to advance growth. Ducker Worldwide serves over 100 countries, speaks 32 languages and has experience in over 275 end-use markets throughout the aerospace, automotive, construction, chemicals, energy, healthcare, industrial, and material industries. Ducker is headquartered in Troy, Mich., with offices around the world, including Paris, Berlin, Shanghai, Bangalore and London. Founded by William H. Ducker in 1961; Ducker celebrates over 55 years in business.
To contact Ducker Worldwide:
1250 Maplelawn Dr.
Troy, MI 48084