Sanhua and AWECO Appliance Systems sign take over agreement

Zhejiang Sanhua Co. Ltd and AWECO Appliance Systems GmbH & Co. KG have announced an agreement to acquire the business of AWECO Appliance Systems GmbH & Co. KG. Sanhua will acquire the assets and the customer base of AWECO including all patents, trademarks, production know how as well as the shares of AWECOS’s operational entities in Germany, Poland, Austria, Slovakia and China.