Media Release

Leadec launches new joint venture in China

Beijing, China, May 3, 2019 - Leadec has launched 50/50 joint venture BAIC Leadec with Beijing Automotive Industry. With the Beijing-based company, this cooperation will help us meet the growing requirements for future-focused services in Chinese production facilities.

Leadec launches new joint venture in China

Through the merger with Beijing Automotive Industry IMP & EXP Co., Ltd (BAICIEC), a subsidiary of the fifth-largest automotive manufacturers in the People's Republic of China, Leadec is strengthening its position as the leading provider of technical services in China. The joint venture BAIC Leadec Industrial Services provides industrial customers with customized technical services, including production maintenance and facility management. The joint venture can draw on the entire network of expertise and resources that Leadec and BAICIEC offer globally.

“The increasing digitalization and automation in Chinese production companies go hand in hand with a growing need for high-quality services,” says Gerwin Gaedigk, Managing Director of Leadec Industrial Services China. “In BAICIEC we have found a strong partner, together with whom we can offer top-level services and thus create significant added value for our customers.”

According to Hou Bo, Deputy General Manager of BAICIEC, the joint venture means the future demand by Chinese companies for advanced technical support can also be met. Leadec is uniquely positioned as a global service champion to deliver smart services for smart factories, especially in the wake of Industry 4.0. The joint venture is already working on two projects for Beijing Benz Automotive Co Ltd., a Chinese manufacturer of commercial vehicles: “This proves to us that there is certainly a demand for the resources and professional skills our team possesses.”

The 50/50 joint venture BAIC Leadec is based in Beijing. The 100-plus employees come from both China and Europe. Leadec has been represented in China since 1998. At their 50 locations throughout the country, the approximately 1,600 employees provide all the services in the company’s portfolio.