DUBAG Group to acquire Emitec from Vitesco Technologies.

DUBAG Group, an investment firm, agreed to acquire Emitec, a catalysts and filters manufacturer, from Vitesco Technologies, a German automotive supplier. Financial terms were not disclosed. ”The pace of regulation varies from one region to another. This calls for a great deal of flexibility on the part of the industry. As an independent company, we will have more freedom to react quickly and individually to the many different requirements. We will be able to better position ourselves globally as an important partner for clean electrified combustion. In addition, we have the possibility to strengthen our activities in the non-Automotive sector,” Rolf Brueck, Emitec Vice President.