Emerson acquires China' Huawei subsidiary in historic deal

Emerson''s acquisition of privately-owned Huawei Technology''s subsidiary, Avansys Power, for $750 million could be the dawn of western style M&A in China.
October 23, 2001
 

Through a stock deal, America's Emerson Network Power has acquired 100% in Avansys, a telecom and data power conversions provider, and a 100% owned subsidiary of Shenzhen-based Huawei Technologies for $750 million in cash, in the largest M&A deal between a private Chinese company and a foreign investor to date. 

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