Lately, Zhuzhou Times New Material Technology Co., Ltd. (hereinafter referred to as TMT) had completed the overall acquisition of the subordinate BOGE Rubber & Plastics Business Unit from ZF Friedrichshafen AG. This overseas acquisition spent 2.4 Billion Yuan.

Recently, TMT has obtained almost 100% of BOGE’s assets in Germany, the US, France, Australia, Brazil and China. Its core technology of vibration damping noise reduction as well as the products have been implemented the extension to the car industry.

Based on the existing globalization basis and the effective resource integration, both parties will hold and boost the technological leadership of BOGE in the field of rubber and plastics. Meanwhile, they will further extend the market share in China and other developing economies, step up efforts to improve the market share of BOGE in German cars of China’s market and vigorously develop China’s high-end independent brand car market so as to build a global automobile damping industry.

German BOGE, the third supplier of automobile damping system in the world, ranks 20th in the global non-tire rubber products industry. In 2012, its sales revenue was nearly EUR 600 Million.