Meili Technology's ACPS deal lifts overseas revenue 748% as integration test begins
What's the deal? Zhejiang Meili TechnologyDealroom has a profile for this one. Try Dealroom → has acquired German auto-parts maker ACPSDealroom has a profile for this one. Try Dealroom →, folding it into its accounts from March 31, 2026. The deal value was not disclosed. ACPS makes vehicle towing and protection systems, with plants in Germany, Hungary, Mexico, and China.
Why now? The acquisition reshapes Meili from a Zhejiang spring maker into a company earning most of its revenue abroad. In the first half of 2026, overseas revenue hit ¥1.291 billion, up 748.3% year-on-year, or 61.9% of total sales.
By the numbers: Meili posted first-half revenue of ¥2.085 billion, up 131.73%, and net profit of ¥116 million, up 44.87%. ACPS contributed ¥1.107 billion in revenue and ¥42.77 million in net profit over the period.
What's the endgame? The deal adds two business lines — springs and elastic components, plus vehicle towing and protection systems. It also brings the ORIS brand, more than 200 patents, over 30 core trademarks, and customers including VolkswagenDealroom has a profile for this one. Try Dealroom →, Mercedes-BenzDealroom has a profile for this one. Try Dealroom →, BMWDealroom has a profile for this one. Try Dealroom →, Tesla, and VolvoDealroom has a profile for this one. Try Dealroom →.
What's the context? Global car sales fell about 5% in the first half of 2026, while China's auto exports rose 65.3% to 5.096 million units. ACPS still grew first-half revenue 11% despite a strained European market, with core management, customers, and suppliers broadly stable.
What could go wrong? Chairman Zhang Bihong cautions that closing a deal is not the same as completing it. New orders face capacity bottlenecks, and swapping in cheaper Chinese suppliers requires regulatory review and customer certification — a process that cannot happen overnight.
The signal: The deal marks a shift for Chinese parts makers from competing on cost to competing on technology, quality, and global operations. Whether Meili can turn owning overseas assets into running a multinational — connecting European customers with Chinese manufacturing — is the harder test ahead.
Read more: sohu.com
Image credit: Joetography LLC
