Trimet Automotive

Bohai Automotive Systems Co., Ltd. completed the acquisition of a 75% stake in TRIMET Automotive Holding GmbH from TRIMET Aluminium SE, with TRIMET retaining 25%.

Bohai Automotive (stock code 600960) acquired 75% of TRIMET Automotive Holding GmbH (TAH) from the German TRIMET Group. TAH is a developer and manufacturer of aluminum automotive components for European OEMs.

Bohai Automotive Systems Co. plans to invest EUR61.5 million to acquire a 75% stake in Trimet Automotive Holding GmbH from Trimet Aluminium SE. The deal is aimed at expanding Bohai's presence in the lightweight parts market.

Bohai Automotive Systems Co. plans to spend EUR 61.5 million to acquire a 75% stake in Trimet Automotive Holding GmbH, a German manufacturer of lightweight aluminum alloy parts, from Trimet Aluminium SE. The acquisition aims to expand Bohai's presence in the new-energy vehicle sector.

Bohai Automotive System Co., Ltd. signed a share purchase agreement on December 13, 2017 to acquire 75% of TRIMET Automotive Holding GmbH from TRIMET Aluminium SE for EUR 61.5 million. The transaction is subject to shareholder and regulatory approvals.

Trimet Automotive is building a 6,500 sqm hall at its Harzgerode foundry to increase production capacity. The €50 million investment with partner Schlote will create around 100 jobs by 2019.