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MAHLE Group plans to acquire all shares in Behr Hella Service GmbH from Hella, taking full ownership of the thermal management products joint venture, effective January 1, 2020.
Compagnie Plastic Omnium signed an agreement to acquire Mahle's 33.33% stake in the HBPO joint venture for €350 million, increasing its ownership to 66.66%. The transaction is subject to competition authority approval.
Beijing Hainachuan Automotive Parts Co (BHAP) signed agreements on September 13, 2017 during the Frankfurt Motor Show to form joint ventures with Hella Group, Magna International and ZF Group, focusing on intelligent driving, door locks/windows/audio speakers, and electric drivetrains respectively.