Huf Hülsbeck & Fürst GmbH & Co. KG

Shanghai Baolong Automotive Corporation acquired a 55% stake in the joint venture Huf Baolong, which manufactures tire pressure monitoring systems, from Huf Hulsbeck & Furst GmbH & Co. KG. The acquisition was announced on January 15, 2019.

Shanghai Baolong Automotive Corporation and Huf Hülsbeck & Fürst GmbH & Co. KG signed principal transaction agreements to establish a joint venture in tire pressure monitoring systems (TPMS). Baolong will hold 55% and Huf 45%, with closing expected in early 2019.