Emerson buys Huawei unit in historic M&A deal

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

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 MA deal between a private Chinese company and a foreign investor to date.

The deal represents a milestone in the Chinese MA market. Hitherto deals involving western investors have been few, with investment usually taking the form of a joint venture, wholly owned foreign venture, or equity stake via an international IPO.

For example, the only two major MA deals this year have purely domestic - the acquisition of Shandong Huaneng Power by Huaneng Power...

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