# Plastic Omnium acquires Mahle's 33.33% stake in HBPO for €350M

Plastic Omnium completed the acquisition of Mahle's 33.33% equity investment in the joint venture HBPO, increasing its ownership to 66.66%. The enterprise value was €350 million.

- Type: Acquisition
- Announced: 2018-06-26
- Where: Lippstadt, Germany, Germany
- Value: $408.0M (350.0M EUR)
- Status: completed
- Products: automotive front-end modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [opmobility.com](https://www.opmobility.com/en/plastic-omnium-finalizes-its-reinforced-stake-in-hbpo-world-leader-in-front-end-modules/), 2018-06-25: "Plastic Omnium today completed the acquisition of the German Group, Mahle’s 33.33% equity investment in the joint venture, HBPO."
- [abismould.com](https://www.abismould.com/news/plastic-omnium-finalises-acquisition-of-mahle-15590556.html), 2018-07-02: "With the €350m acquisition, which was originally announced in March, Plastic Omnium now owns 66.66% of the Lippstadt, Germany-based business."

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