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Industrial Machinery & Components

HuanYu Group Co., Ltd. has agreed on a strategic investment from Eaton

HuanYu Group Co., Ltd., a leading Chinese electrical equipment manufacturer, has agreed on a strategic investment from Eaton, a global electrical giant, to form a joint venture company, HuanYu High Tech Co., Ltd., to manufacture and market low-voltage circuit breakers and contactors in China.

Founded in 1911, Eaton is a diversified power management company offering industry-leading electrical, aerospace, hydraulic and vehicle products and services. Eaton provides sustainable solutions that help its customers to operate more safely, efficiently and reliably.

HuanYu Group is a leading Chinese electrical equipment manufacturer. Founded in 1989 and headquartered in Wenzhou, China, its products are widely used across a variety of industries, including power grids, new energy, communication technology, chemicals, metal smelting, industrial manufacturing, medical and pharmaceutical, transportation and commercial building.

Oaklins’ team in Shanghai assisted HuanYu Group through a structured sale process, from the multiple phases of bidding, to valuation, and finally to SPA negotiations and closing. The team also led the vendor due diligence and facilitated and assisted in the legal and financial aspects of the transaction.

Service
M&A sell-side
Parties
“We are very pleased to have achieved a strong strategic cooperation with Eaton with the help of Oaklins’ team. This will be a major change and integration in the field of low-voltage electrical components in China. With the local supply chain and resource network in Wenzhou, I believe we will be able to expand our market share, upgrade our technology, products and management and quickly grow into a more successful enterprise.”

Wang Kai

Chairman, HuanYu High Tech Co., Ltd.

Talk to the deal team

 Angela  Chen

Angela Chen

Principal

Shanghai, China
Oaklins HFG China

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