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Announced

Completed

Bohai Automotive completed the acquisition of a 75% stake in TRIMET Automotive.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

vehicle components

Private

Single Bidder

Acquisition

Majority

Germany

Joint Venture

Auto Parts

Friendly

Synopsis

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Bohai Automotive, an internationally active automotive supplier, completed the acquisition of a 75% stake in TRIMET Automotive, a manufacturer of high quality die casting components for vehicle construction. Financial terms were not disclosed. The merger provides additional opportunities for TRIMET Automotive as a system supplier to the increasingly global operations of automobile manufacturers, thus sustainably strengthening its production sites in Harzgerode and Sömmerda. Bohai Automotive is a trusted partner of automobile manufacturers in key growth markets in Asia, especially China.

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