Volkswagen's acquisition of Man Trucks finalized through China's approval of final results next week
A heat exchanger is a device used to transfer heat, usually to transfer heat from one fluid to another without them mixing. A heat exchanger usually consists of a number of parallel pipes in which one fluid flows through the pipe and another fluid flows through the outside of the pipe. In this way, heat can be transferred from one fluid to another for heating or cooling purposes. Heat exchangers are widely used in many industries, such as chemical, pharmaceutical, food processing, air conditioning and heating systems, etc.
Heat exchanger usually consists of the following components:
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According to the Wall Street Journal, Volkswagen reported on November 3 that its application for the acquisition of the Man Truck Company had obtained approval from the Chinese government for competition in the industry, and cleared the last obstacle for the success of Mann.
Volkswagen said in a statement: "The industry competition terms for the acquisition of most of the equity have been met." At the same time, the public revealed that according to the previous valuation, the transaction amount will be around 13.76 billion euros (about 19.79 billion US dollars). The final result will be finalized on November 9. This means that Man will form a European Truck Alliance with Volkswagen's Scania to compete against the current two largest truck giants, Daimler and Volvo.
According to the agreement, Volkswagen currently holds 55.9 percent of Mann’s voting shares and 51.71% of share capital. According to German law: If a company holds more than 30% of the voting shares of another company, it must issue a takeover offer to all the remaining shareholders of the latter.
On September 26 this year, Volkswagen received antitrust approval from the European Commission and laid the foundation for its complete acquisition of MAN manufacturer.
1. Heat exchange pipe: Pipe used to transfer heat, usually made of metal materials, such as copper, stainless steel, etc.
2. Heat exchange surface: A surface used to transfer heat, usually consisting of metal sheets or pipes. The greater the surface area, the higher the heat transfer efficiency.
3. Housing: Housing, usually made of metal or plastic, used to secure heat exchange pipes and surfaces.
4. Seals: Seals used to prevent media leakage, usually made of rubber or silicone rubber.
5. Support: A support used to support a heat exchanger, usually made of steel or cast iron.
6. Import and export pipes: pipes used for medium entry and exit, usually made of metal or plastic.
7. Cleaning hole: A hole used to clean the inside of the heat exchanger, usually located on the upper or side of the heat exchanger.
8. Insulation layer: Insulation layer used to keep the temperature of the heat exchanger stable, usually made of glass wool or polyurethane foam.