# 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.

- Type: Acquisition
- Announced: 2018-01-31
- Where: South Korea
- Status: completed
- Products: thermal management systems, CRFM, HVAC, compressors, HVAC controls
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shanghai Aerospace Automotive Electromechanical](https://endata.com/companies/29731.md) (acquirer)
- [erae Automotive System](https://endata.com/companies/29732.md) (target)

## Sources

- [estra-automotive.com](https://www.estra-automotive.com/en/ht-saae-acquires-erae-automotive/), 2018-01-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.