Berylls Group to acquire a majority stake in Hatz Components from Motorenfabrik Hatz.

Berylls Group, a strategy consulting and implementation company, agreed to acquire a majority stake in Hatz Components, a motor vehicle parts manufacturing, from Motorenfabrik Hatz, a manufacturer of diesel engines. Financial terms were not disclosed. "This move frees up the resources we need to continue to perfectly serve the needs of machine manufacturers and operators in our core markets in the future. In the future, Motorenfabrik will be able to focus unrestrictedly on its core business and the expansion of its portfolio, as well as investing even more heavily in innovation. This concerns both the expansion of our combustion engine business and the development of leading digital and electrified solutions. Positioned in this way, we will continue to enable machine manufacturers and operators to do their work as efficiently and comfortably as possible - regardless of the drive technology," Simon Thierfelder, Motorenfabrik Hatz CTO.