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HomeGADGETSELECTRONICSDLA Piper advises Zhuhai Bojay Electronics on acquisition of three Hardinge subsidiaries

DLA Piper advises Zhuhai Bojay Electronics on acquisition of three Hardinge subsidiaries

Global law firm DLA Piper has provided counsel to Zhuhai Bojay Electronics (Bojay) on its pending acquisi…

Global law firm DLA Piper has provided counsel to Zhuhai Bojay Electronics (Bojay) on its pending acquisition of Hardinge Machine (Shanghai), Weisser Machine Tool (Dalian) and Hardinge Precision Machinery (Jiaxing), three Chinese subsidiaries of multinational machine tool manufacturer Hardinge. This acquisition will expand Bojay’s footprint in the industrial machine tools sector and enable the company to advance its high-end manufacturing capabilities.

The DLA Piper team was headed by Beijing corporate partner James Chang, who received support on advice pertaining to mergers and acquisitions from senior associate Wenhong You, of the firm’s Shanghai office, and corporate consultant Stephanie Zhang of the firm’s Beijing office.  

Co-head of intellectual property and technology in Asia and co-country managing partner Horace Lam advised on intellectual property law aspects of the transaction, with support from senior consultant Asher Yan. Co-head of tax for Asia, Windson Li, advised on the supply chain aspect of the acquisition.

Bojay specialises in intelligent equipment, industrial automation and system solutions, with services encompassing production, research and development, sales and technical services. Operating across a variety of sectors, including big data and cloud services, electric vehicles, semiconductors, consumer electronics and passive components, Bojay’s clientele comprises numerous Fortune 500 companies, including Microsoft, Google, Meta, Cisco, Foxconn, Compal, Qualcomm, BYD, Amazon and Quanta.

Hardinge is an international provider of advanced metal cutting solutions, producing a diverse set of products which support numerous market applications in the automotive, agricultural, aerospace, defence, medical, transportation, energy, construction, technology and consumer products sectors.

Of the transaction, Chang commented: “This transaction perfectly demonstrates our firm’s ability to seamlessly conduct cross cultural and jurisdictional deals between parties from different nations. In this instance between an American seller and a Chinese buyer.”

This news follows DLA Piper’s role in advising Energy Infrastructure Partners on its sale of a minority stake in one of Europe’s largest windfarms, providing counsel to Valparaiso Capital Partners on its AU$530 million sale of retail assets and in advising Rosen Swiss Holdings on its majority stake sale to Partners Group.

 

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