Danobat Group establishes a joint venture agreement with CNR Beijing February 7th Railway Transportation Equipment

Danobat has established a joint venture with CNR in China to focus on the manufacturing of numerical control machine tools for the Railway industry.

Danobat Group is a machine tools manufacturer and innovator, with presence in China for more than 20 years, and is active in aerospace, automotives, capital goods, general engineering, oil & gas, railway equipment, and wind power. Danobat is part of Mondragon Corporation, one of Europe’s largest industrial corporations with 20 Billion US$ annual sales, employing over 83,869 people in 256 companies. The Corporation’s companies manufacture consumer goods, capital goods, capital goods, industrial components and products and systems for construction.

China North Railway Corporation (CNR) is a leading railway equipment producer listed on the Shanghai stock exchange, with revenue close to $4 billion. Beijing February 7th Railway Transportation Equipment Co., Ltd. was initially founded in 1897 and is a subsidiary of China North Railway (CNR) Corporation Limited. The company engages in the manufacturing and maintenance of diesel locomotives, high-power diesel engine units and parts and components, and manufacturing of large-scale railway maintenance equipment.

This state of the art company will be one of the first foreign investments in this industrial sector in China. InterChina advised Danobat Group throughout the full process, from strategy design to partner selection and transaction advice.