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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Highly Group acquires 60% stake in Marelli Hong Kong, forms joint venture · Endata

◂ Announcements

Feb 2, 2021ACQUISITIONHong Kong SAR, China, Hong Kong SAR China

Highly Group acquires 60% stake in Marelli Hong Kong, forms joint venture

Shanghai Highly (Group) Co., Ltd. acquired 60% equity of Marelli (Hong Kong) Holdings Co., Limited, which was carved out from Marelli Holdings' automotive air-conditioning compressors and HVAC business. The joint venture is renamed Highly Marelli Holdings Co., Limited.

Jobs

4,200

Status

Completed

Productsautomotive air-conditioning systemsthermal management systems for new energy vehicles

CompaniesMarelli target Shanghai Highly (Group) acquirer Highly Marelli Holdings partner

Sectors#Automotive Components #HVAC and Industrial Refrigeration

“Highly Group has made the acquisition of 60% of the equity of Marelli Hong Kong.”en.prnasia.com

1 source
en.prnasia.comClosing of Highly and Marelli Auto Parts Joint Venture Project - PR Newswire APACFeb 2, 2021

Summarized from public sources; check the original articles before acting on it.

More from Marelli

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Highly Marelli starts operation of Wuhu heat exchanger and HVAC plant in China
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May 25, 2021CONTRACTUnited States
Marelli signs 5-year 4PL contract with DHL Supply Chain in North America
DHL Supply Chain supplier Marelli customer automotivelogistics.media
May 11, 2021ACQUISITIONStrasbourg, France, France
Marelli and PUNCH form joint venture for e-axle solutions
Marelli acquirer PUNCH Motive International partner prnewswire.com autotecnica.org
Apr 18, 2021PARTNERSHIPShanghai, China
Highly Marelli JV opens global HQ in Shanghai, launches NEV thermal management product
Highly Marelli Holdings Marelli partner yicaiglobal.com
Feb 2, 2021ACQUISITION
Shanghai Highly and Marelli complete auto parts joint venture
Marelli partner Shanghai Highly (Group) partner markets.businessinsider.com
Jan 28, 2021ACQUISITION
Highly and Marelli establish joint venture Highly Marelli Holdings
Highly Marelli Holdings Marelli partner marelli.com

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