MAHLE increases participation in Behr
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MAHLE GmbH /
MAHLE increases participation in Behr
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Stuttgart, March 1, 2011 - Planned increase of MAHLE's participation in Behr to
36.85 percent successfully completed.
MAHLE GmbH, based in Stuttgart, had already increased its share from 19.9 to
36.85 percent in January 2011 as part of the planned acquisition of the Behr
Group. As in the first stage, the most recent step was completed by way of a
unilateral capital increase, in order to further strengthen the financing and
balance sheet structure of the Behr Group.
"We are completely on schedule," said Prof. Dr. Heinz K. Junker, Chairman of the
MAHLE Management Board. "At present, we are very confident that our share in the
Behr Group will be increased to more than 50 percent on January 1, 2013, thus
allowing full integration into the MAHLE Group."
The preparations already underway for the integration are led by a specially
organized integration team comprised of employees from all specialist functions.
The main task of the integration team is to analyze structures and processes to
determine their adaptability, and to ensure communication between the companies
at the most important hierarchical levels.
"We are making good progress and are optimistic that, with our complementary
product range, the integration of Behr into the MAHLE Group will allow us to
further expand and improve our market position. This applies to systems
environments for modern combustion engines, alternative power train
technologies, and complete thermal management for vehicles," continued Prof.
Junker.
The MAHLE Group is one of the 30 largest companies in the automotive supply
industry worldwide. With its two business units Engine Systems and Components
and Filtration and Engine Peripherals, MAHLE ranks among the top three systems
suppliers worldwide for piston systems, cylinder components, as well as valve
train, air management, and liquid management systems. The Industry business unit
bundles the MAHLE Group's industrial activities. These include the areas of
large engines, industrial filtration, as well as cooling and air-conditioning
systems. The Aftermarket business unit serves the independent parts market,
supplying MAHLE products in original equipment quality. In 2010, the MAHLE Group
anticipates sales in excess of EUR 5 billion; around 45,000 employees work at
over 100 production plants and eight research and development centers.
Further queries:
MAHLE GmbH
Stefanie Thiel
Corporate Communications/Public Relations
Pragstrasse 26-46
70376 Stuttgart
Germany
Phone: +49 (0) 711/501-13166
Fax: +49 (0) 711/501-13700
stefanie.thiel(at)mahle.com
Press releases and image service can also be downloaded from:
www.mahle.com/News und Presse
--- End of Message ---
MAHLE GmbH
Pragstraße 26 - 46 Stuttgart Gerrmany
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Source: MAHLE GmbH via Thomson Reuters ONE
[HUG#1493382]
Unternehmensinformation / Kurzprofil:
Datum: 01.03.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 52018
Anzahl Zeichen: 3837
contact information:
Town:
Stuttgart
Kategorie:
Business News
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