# Plastic Omnium to acquire Mahle's stake in HBPO joint venture

Compagnie Plastic Omnium signed an agreement to acquire Mahle's 33.33% stake in the HBPO joint venture for €350 million, increasing its ownership to 66.66%. The transaction is subject to competition authority approval.

- Type: Acquisition
- Announced: 2018-03-01
- Where: Germany
- Value: $430.0M (350.0M EUR)
- Status: announced
- Products: front-end modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mahle](https://endata.com/companies/701.md)
- [Mahle](https://endata.com/companies/701.md) (partner)
- [Plastic Omnium](https://endata.com/companies/1180.md) (acquirer)
- [Hella Group](https://endata.com/companies/26970.md) (partner)
- [HBPO](https://endata.com/companies/30395.md) (target)
- [Hella Behr Plastic Omnium](https://endata.com/companies/30397.md) (target)

## Sources

- [opmobility.com](https://www.opmobility.com/en/plastic-omnium-is-strengthening-its-position-as-world-leader-of-front-end-modules/), 2018-02-28: "The size and technological expertise of HBPO will enable Plastic Omnium to speed up its development in smart modular products faced with the technological challenges of tomorrow's autonomous and connected car."
- [newsroom.mahle.com](https://newsroom.mahle.com/press/en/press-releases/withdrawal-from-joint-venture-mahle-plans-to-sell-hbpo-shares-to-plastic-omnium-59456), 2018-03-01: "MAHLE is thus consistently pursuing its plan to focus on its strategic core business."
- [plasticsnews.com](https://www.plasticsnews.com/article/20180302/NEWS/180309976/mahle-to-sell-hbpo-shares-to-plastic-omnium/), 2018-03-02: "Mahle to sell HBPO shares to Plastic Omnium"

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