# 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.

- Type: Acquisition
- Announced: 2019-08-30
- Where: Shanghai, China
- Status: announced
- Products: electric driven compressors, electric vehicle thermal management systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Marelli](https://endata.com/companies/5462.md) (acquirer)
- [Shanghai Highly (Group)](https://endata.com/companies/5463.md) (partner)
- [Johnson Controls-Hitachi Air Conditioning](https://endata.com/companies/5464.md) (partner)

## Sources

- [marelli.com](https://www.marelli.com/en/news/marelli-forms-strategic-partnerships-with-highly-group.html), 2019-08-30: "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."

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