AKKA assumes full control of MBtech from Daimler

AKKA has assumed full control of MBtech from Daimler, acquiring the remaining stake to make it a wholly owned subsidiary, to be renamed AKKA GmbH & Co. KGaA. The deal was cleared by the German Federal Cartel Office on August 30, 2018.

“AKKA's longstanding partner Daimler has agreed to transfer full control of the MBtech Group to be renamed AKKA GmbH Co.KGaA to AKKA for an undisclosed amount.”finanznachrichten.de

• 1 source
• finanznachrichten.deAKKA Assumes Full Control of MBtech to Consolidate Its Leadership Position in the German Automotive Market and to Establish Its Automotive Center of Excellence in GermanyBusiness WireAug 30, 2018

Summarized from public sources; check the original articles before acting on it.