The State Administration for Market Regulation Conditionally Approves American Axle's Acquisition of DuraLesstake Equity Case.

On January 16, the State Administration for Market Regulation issued a notice approving the acquisition of Delies Group Public Limited Company (referred to as Delies) by American Axle & Manufacturing Holdings, Inc. (referred to as American Axle) with additional restrictive conditions. This case involves the acquisition of a major global automotive drivetrain products supplier. Drivetrain products are an important part of transmitting power in automobiles and play a crucial role in ensuring safe and stable driving. In the review process, the Market Regulation Administration took into consideration the potential impact of the transaction on the competition in the domestic automotive power transmission unit market and rear-drive module market in China. By imposing additional restrictive conditions, American Axle and Delies have made four commitments, including fair, reasonable, non-discriminatory supply and development opportunities, continued performance, stable prices, and not refusing reasonable renewal requests. This is conducive to ensuring reasonable prices and stable supply of high-performance automotive components, safeguarding the interests of downstream customers and consumers, and creating a fair competition environment for the healthy and orderly development of China's automotive industry. This article is excerpted from the WeChat public account "Market New Speak"; GMTEight Editor: Xu Wenqiang.