Rutesheim, Germany -- China's Ningbo Joysen Electronic plans to acquire Quin, a German company based in Rutsehiem which makes steering wheels.
According to Germany's competition regulator, Bundeskartellamt, it was notified of the proposal on 18 December 2014. If the Bundeskartellamt decides that there are no problems then it could be approved by the third week of January 2015.
Quin operates four locations: its headquarters in Ruteshiem, Germany; Ghimbav, Romania; Wałbrzych, Poland and Wuqing, Tanjing. The firm employs 1900 people and has over 40,600m² of production capacity.