Geely buys Australian transmission maker DSI

Geely Automobile to buy automatic transmission companies in Australia at the signing ceremony, New South Wales, Australia Government Building. Chinese ambassador to Australia Zhang Junsai; New South Wales Minister of China and Australia, such as government officials and mainstream media in the two countries attended the signing ceremony.

The company name is DSI, DSI is the abbreviation of Drivetrain Systems International. DSI automatic transmission is a set R & D, manufacturing and sales of automatic transmission major companies, is the world’s only two independent enterprise outside the vehicle automatic transmission companies, covers an area of 300,000 ㎡, the factory area 36000 ㎡; Institute covers an area of 3,000 ㎡. With an annual output of 180,000 Units of the production capacity of automatic transmission; the company has 80 years of history, has accumulated abundant technology and industry experience. Automatic transmission parts and components world-renowned company BorgWarner once wholly owned by the company for 30 years. DSI company has a number of world-class excellent engineers, its products cover four-speed and six-speed before and after the drive and all-drive high torque automatic transmission for Ford, Chrysler and Ssangyong Motor Co. and other world-renowned facilities, is currently being development of the world’s advanced level before and after the eight-speed automatic transmission drives, DCT dual-clutch transmission and CVT Continuously Variable Transmission.

Affected by the global financial crisis, DSI part of customers in the market have been seriously affected, in February 2009 mid-, DSI companies to enter bankruptcy proceedings, the existence of their business is facing a historic choice. Ford vehicles in Australia also be affected.

Geely Automobile Successful acquisition of DSI automatic transmission company, DSI will provide a suitable global development of new strategies. First of all, the resumption of Ford’s suppliers, and then put DSI’s products and technology into China’s auto industry, Chinese auto companies to provide world-advanced automatic transmission products; simultaneously for DSI in China to seek low-cost means of purchasing parts and components; and the DSI R & D of new products to provide financial support to ensure that DSI in the international market on the company’s leading position.

Through the acquisition of DSI, Geely at the original small torque automatic transmission on the basis of their own intellectual property rights, and further enriching the product line, strengthening the Jili Automatic Transmission R & D and production capacity.

Geely DSI will continue to retain the brands and DSI relative independence of the Company’s operations to ensure the provision of services to global clients.

The transaction, DSI hosting company’s assets artificially PricewaterhouseCoopers (PWC); Geely hired a law firm McKinsey, an accounting firm Ernst & Young, mergers and acquisitions consultant, in accordance with the Australian federal law, Chinese law and the Geely Automobile listed companies in Hong Kong Special Administrative Region is located proceedings successfully completed transactions.

The acquisition activity in Australia has been the Government’s recognition and support.