TRIMET Aluminium SE

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 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 Aluminium SE is investing around 50 million euros to expand production capacity at its foundry in Harzgerode, Germany, and build new processing halls, creating about 100 new jobs. The expansion is enabled by a major contract to produce up to one million aluminum clutch housings annually for an automotive supplier starting in 2018.