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25 January 20242 minute read

DLA Piper advises Bojay on acquisition of three Chinese subsidiaries of multinational machine tool manufacturer Hardinge

DLA Piper has advised Zhuhai Bojay Electronics (Bojay) on the pending acquisition of three Chinese subsidiaries of multinational machine tool manufacturer Hardinge: Hardinge Machine (Shanghai), Hardinge Precision Machinery (Jiaxing), and Weisser Machine Tool (Dalian). The pending acquisition provides Bojay with an opportunity to develop its high-end manufacturing capabilities by actively expanding its footprint in the industrial machine tools sector.

Founded in 2005 and headquartered in Zhuhai, China, Bojay has been engaged in the field of intelligent manufacturing for nearly 20 years, focusing primarily on industrial automation, intelligent equipment and system solutions. Bojay’s business encompasses research and development, production, sales, and technical services, all of which help its customers to improve production efficiency and product yield. It operates in a variety of industries and sectors including consumer electronics, big data and cloud services, electric vehicles, semiconductors, and passive components. Bojay’s clients consist of a myriad of Fortune 500 companies including Meta, Microsoft, Cisco, Google, Amazon, Qualcomm, BYD, Foxconn, Quanta, and Compal.

Hardinge is a leading international provider of advanced metal cutting solutions. It produces a diverse set of products which support a variety of market applications in industries including aerospace, agricultural, automotive, construction, consumer products, defense, energy, medical, technology, and transportation. It has a strong global presence with manufacturing operations in North America, Europe and Asia.

Beijing Corporate partner James Chang, DLA Piper, led on the transaction with the support of team members from several different practice areas. James commented: This transaction perfectly demonstrates our firm’s ability to seamlessly conduct cross cultural and jurisdictional deals between parties from different nations. In this instance between an American seller and a Chinese buyer.

James was supported on the mergers and acquisitions aspect by Corporate consultant Stephanie Zhang in Beijing, and senior associate Wenhong You in Shanghai.

Windson Li, Co-Head of Tax for Asia advised on the supply chain aspect of the transaction. Co-Head of Intellectual Property and Technology, Asia and Co-Country Managing Partner Horace Lam advised on intellectual property law with the support of senior consultant Asher Yan. Horace and Asher are both based in Beijing.