A Decade of Shanghai Electric's Acquisition of Nedschroef: New Factory Breaks Ground in Tarragona, Spain

Since its acquisition, Nedschroef has solidified its foundation in the automotive components industry. By operating two factories within Spain, Shanghai Electric and Nedschroef demonstrate a well-considered approach to leveraging regional strengths.

Nedschroef has steadily expanded its technological boundaries since acquiring CP Tech seven years ago. This partnership has fueled advancements in high-precision and specialized components designed for unique applications. From hypercar chassis frameworks to landing gear for low-altitude manned aircraft, CP Tech's innovation capabilities are a key enabler of long-term business potential for Nedschroef. The partnership also aligns with Shanghai Electric's broader vision of fostering an ecosystem of collaborative innovation across industries, including automotive, aerospace, and specialized vehicles.

By integrating CP Tech's expertise, Shanghai Electric and Nedschroef are positioned to push the boundaries of component design and production, targeting advanced markets, such as aerospace and special-purpose vehicles. CP Tech's accolades, including certifications for its low-altitude manned aircraft, further highlight the transformative potential of this collaboration.

Shanghai Electric emphasizes creating an open, collaborative space to empower sustainable growth. This vision is realized through:

"CP Tech, located in the heart of Europe, is uniquely positioned to amplify collaboration across Shanghai Electric's business segments. This synergy fosters mutual growth while addressing global market and technological shifts. Together, we will unlock new opportunities and expand our global reach," said Wu Lei, Chairman of Shanghai Electric.

View original content:https://www.prnewswire.co.uk/news-releases/a-decade-of-shanghai-electrics-acquisition-of-nedschroef-new-factory-breaks-ground-in-tarragona-spain-302322321.html