According to people familiar with the matter, Samsung Electronics is in deep negotiations with Fiat-Chrysler and intends to acquire some or all of the business of the auto parts manufacturer Magneti Marelli from Fiat.
Informed sources said that Samsung is particularly interested in Marelli's lighting, in-car entertainment and in-vehicle information systems, and may consider a full acquisition. The value of this deal may exceed $3 billion, and Samsung's goal is to complete this year. If the deal can be completed, it will be Samsung's largest acquisition outside of South Korea.
Fiat's share price rose 8.8% today, the biggest increase since October 2014.
Lee Jae-yong, the vice chairman of Samsung, is 48 years old and has taken over more responsibility from his father. He is currently reorganizing Samsung. He sold some assets, narrowed Samsung's business scope, and hoped to get out of the shadow of the sluggish smartphone business. Entering the auto parts business will help Samsung reduce its reliance on consumer electronics.
Since 2012, Li has been a director of Fior's controlling shareholder Exor SpA. Technology companies are increasingly interested in the automotive industry, and Li Zaiyu hopes that Samsung will benefit from this wave of industry trends. As cars become more advanced, Apple, Baidu, and Google are all advancing toward the automotive arena, seeking to deploy their technology in new areas. According to data compiled by Bloomberg, as of March 31 this year, Samsung’s total cash and cash equivalents exceeded $70 billion. In addition to leading the smartphone market, Samsung is the world's largest manufacturer of memory chips and TVs.
In December last year, Samsung established a team to study auto parts, in-car entertainment and autonomous driving technology. Samsung also collaborates with other battery manufacturing and software services divisions of the group. Last month, Samsung Shanghai invested RMB 3 billion (US$451 million) in BYD, hoping to seize the opportunity of growing electric vehicle sales.
In 2009, Samsung partnered with Marelli to develop display products for entertainment, information and navigation. Samsung is expanding its global sales of its display screens, which use OLED technology and lighting solutions, and may offer new light sources and flexible instrument panels for luxury car drivers who value design.
Fiat CEO Sergio Marchiane said in April that the company would consider processing Marelli at some point in the future.
Samsung and Fiat declined to comment.
Metal stamping Power Metal Stamping Housing
We supply complete toolroom to design, engineering, and fabricate all types of compound die, progressive die, deep draw die, and prepare prototypes to check the parts design and construction before toolings kicked off, to minimize modification cost and maximize manufacturablity. Our high quality cost-effective tooling keeps parts costs down with high productivity, and we repair and maintain all customer dies free of charge for customers for the whole life of your stampings project.
You can fully understand our capabilities by viewing some pictures of our tools and dies fabrication facilities. Our Advantage:
1. We have been a professional OEM/ODM metal stamping (Aluminum,stainless steel,Copper ,SPCC,SGCC and so on) manufacturer for 30 years in China. 2.Products application: Consumer electronic hardware accessories such as telecommunication aluminum cavity,LED Lighting aluminum housing,Setup box housing,power adapter case ,UPS power housing,STB box,AMPLIFIERS chassis and panel LED driver case ;Thermal solution heat sinks&radiator;Computer hardware accessories;Furniture hardware parts,home appliance etc.
3.Surface treament:Anodizing, powder coating,painting bonding, sand blasting, buffering and assembling,Zinc-plated, nicke plated, chrome-plated, silver-plated, gold-plated,Passivation etc.
4.All parts are customized according to customer's drawings or samples. If you have any parts to beproterotype, please feel free to send your drawings/samples to us
More services we offer:
Besides of Metal Stamping Components, we also complete solution for OEM/ODM Products & components, offer services of deep drawing services, EMI metal shielding parts, heat sink ,plastic molding products for custom, Plastic Injection Components, Metal Stamping Parts, home appliances accessories ,R/C drone and smart electronic toys etc.
UPS Power Metal Stamping Housing,UPS Metal Stamping Housing,UPS Metal Stamping Box,UPS Power Plastic Housing
Timeplex Industrial Limited , https://www.catimeplexhk.com