Announced
Completed
Financials
Tags
Completed
vehicle components
Private
Single Bidder
Acquisition
Majority
Germany
Joint Venture
Auto Parts
Friendly
Synopsis
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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