Marelli to acquire equity stake in Highly-JCH joint venture HNET in Shanghai

Marelli agreed an equity transfer agreement with Johnson Controls-Hitachi to acquire an equity interest in Shanghai Highly New Energy Technology, an electric compressor maker, with completion estimated in Q3 2019.

“Marelli has agreed an Equity Transfer Agreement with Johnson Controls-Hitachi Air Conditioning (JCH) to acquire equity interest in Shanghai Highly New Energy Technology Co., Ltd.”marelli.com

• 1 source
• marelli.comMarelli Forms Strategic Partnerships with Highly GroupAug 30, 2019

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