Chinese machine tool enterprises enter German market

It is reported that in recent years, many Chinese machine tool enterprises have acquisition projects in Germany machine tool section, including Shenyang Machine Tool Group, Dalian Machine Tool Group Corporation, Hangzhou Machine Tool Group.

Norr Law Firm a famous German low firm, who participated many acquisition projects and it provides law consultation to the machine tool enterprises said that both German and China¡¯s machine tool enterprises have great complementary strengths.

German side helps Chinese owner develop core technology and provides mature market and sales channels, in the same time, China¡¯s enterprises could help Germany spread their products into the largest machine tool market, China market.

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