Shanghai (ZXZC)- HRC, a Chinese leading tech company focusing on R&D, manufacturing and engineering of composites, succeeded in the acquisition of Engenuity, a global leading composites design and analysis company.

The acquisition will allow the UK-based company to officially step into Chinese market, working on analysis and design of professional materials, engineering consultation and R&D of vehicles in China under the overall control of HRC. Meanwhile, Engenuity will maintain its existing businesses and further explore the global market as an independent entity. 

Specializing in composite product development and manufacturing, the company is committed to providing highly intellectual services from initial idea consulting to serial production as lightweight expert with comprehensive understanding and acquaintance of composite value chain. With the rising of low-carbon economy and lightweight trend, HRC is utilizing its core resources to consolidate competitiveness of the company as a pioneer in the global market.

With over 25-year experience in composites design, analysis and R&D, Engenuity boasts a business scope covering selection and development of composite materials, testing and characterization of integrated materials, model verification of finite element materials, development of failure modes, etc. The company provides services for almost all of the top-level motor racings, such as Formula 1, 24 Hours of Le Mans as well as Supercars and multiple prominent global automakers like BMW Group, Mercedes-Benz and Jaguar Land Rover.

It is noteworthy that Engenuity has been highly cherishing its information privacy and data security. Apart from the programs co-developed with HRC, the UK company will still maintain the independence and confidentiality of its customers' technologies, patents and business information after it became a business part of HRC.