# Marelli and Highly form joint venture Highly Marelli for compressors and HVAC

Marelli and Highly International signed an agreement to create Highly Marelli Holdings, a joint venture focused on electrified compressors and HVAC, with legal closing planned for early January 2021.

- Type: Acquisition
- Announced: 2020-09-08
- Where: Shanghai and Saitama, China
- Status: announced
- Products: electric driven compressors, HVAC systems, cabin comfort 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) (partner)
- [Highly International (Hong Kong)](https://endata.com/companies/6995.md) (partner)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/marelli-and-highly-create-new-joint-venture-highly-marelli/), 2020-09-08: "Leading automotive supplier Marelli Corporation K.K. and Highly International (Hong Kong) Limited have announced the signing of their agreement to establish a new joint venture, Highly Marelli Holdings 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.