Exclusive: Equipment manufacturer GMD comes under Chinese ownership after Pierre-Édouard Stérin's retirement
Support uncompromising information.
Three weeks after Pierre-Édouard Stérin abruptly abandoned his acquisition, a Chinese group, DSBJ, has acquired, according to information from L'Humanité, the automotive supplier GMD, with the green light from the French Ministry of Finance. Without committing to maintaining jobs or production sites.
Just three weeks after Pierre-Édouard Stérin's holding company, Otium, abruptly withdrew from the planned takeover of automotive supplier GMD, the latter, with its 5,000 employees spread across 15 sites worldwide, is to be acquired, according to our information, by the Chinese group DSBJ, listed on the Shenzhen Stock Exchange and previously specializing in printed circuit boards. With this acquisition, the firm is explicitly targeting the electric car market.
The information should be confirmed this Thursday...
L'Humanité
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