# Highly Group to buy 60% stake in Marelli's car AC business for USD203 million

Highly Group will pay up to USD203 million to purchase a 60% stake in a special purpose vehicle holding Marelli Holdings' global automotive air conditioning business assets.

- Type: Acquisition
- Announced: 2020-09-07
- Where: Japan
- Value: $203.0M
- Status: announced
- Products: automotive air conditioning systems, auto compressors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Marelli](https://endata.com/companies/5462.md) (target)
- [Highly Group](https://endata.com/companies/9384.md) (acquirer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-highly-rallies-on-usd203-million-deal-for-japanese-marelli-car-ac-business), 2020-09-07: "The Chinese firm will buy a 60 percent stake in a special purpose vehicle, set up by the Saitama-headquartered company, which holds all of its related air con parts assets."

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