2015-03-09 | Shanghai
Shanghai, March 9, 2015 – Valmet Automotive strengthened its existing partnership with RLE International by selling 100% shares of its wholly-owned China subsidiary, Valmet Automotive (China) Inc. to RLE Global Operations Ltd., a joint venture of the parties registered in England & Wales. As part of the agreement, Valmet Automotive acquires a minority stake in RLE Global Operations Ltd. Valmet China, located in Shanghai, provides automotive design services, and specializes in sourcing, import and export of auto components. Through this strengthened partnership, the parties expand their position in the automotive design and auto component manufacturing markets.
James Li, Chairman of E. J. McKay, commented that “the transaction demonstrates E. J. McKay’s deep relationships in Finland, and our strengths in the technology and tech services sectors.”
Tomas Holmberg, the E. J. McKay lead partner on the transaction, commented, “we are pleased to be associated with Valmet Automotive’ s strategic footprint. The transaction is yet another example of E. J. McKay’s expertise in advising complex China related cross-border transactions.”
About Valmet Automotive: Valmet is a leading service provider in automotive engineering, vehicle manufacturing, convertible roof systems and related business services. It is headquartered in Uusikaupunki, Finland, and employs over 2,000 professionals worldwide.
About RLE International: RLE is a leading development, technology and consultation service provider to mobility and energy industries worldwide. With over 1,400 employees and 30 years of experience, it is dedicated to provide innovative and effective solutions for its customers.