HT-SAAE acquires 51% stake in erae Automotive

Shanghai Aerospace Automotive Electromechanical (HT-SAAE) closed the acquisition of a 51% stake in Korea-based erae Automotive System on January 31, 2018, through its Hong Kong subsidiary. The acquired entity will become part of HT-SAAE's Global Thermal Business Unit.

“HT-SAAE has successfully closed the transaction of acquiring 51% share of erae Automotive System Co., Ltd. on January 31, 2018 through its wholly owned company Shanghai HT Holding Hong Kong Limited.”estra-automotive.com

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• estra-automotive.comHT-SAAE Acquires erae Automotive - ESTRAbinsESTRAmdinJan 31, 2018

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