JTEKT to sell HPI Industrial hydraulics unit to EiM Capital and Apogee

JTEKT Corporation agreed to sell its French industrial hydraulic components division HPI Industrial to EiM Capital and Apogee, following a December 2021 put option; the deal is subject to employee consultation and expected to complete in the first half of 2022.

“The transaction remains subject to consultation with employees' representatives and is expected to complete during the first half of 2022.”dcadvisory.com

• 1 source
• dcadvisory.comDC Advisory advised JTEKT Corporation on the sale of HPI Industrial to EiM Capital and Apogee – DC AdvisoryJan 13, 2022

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