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Ikuyo announced it will acquire 51% of Kunshan Veritas Automotive Systems Co., Ltd. by March 2025 and the remaining 49% by March 2030, from Veritas AG, making it a wholly owned subsidiary.
HDT Automotive Solutions has agreed to acquire the majority of the business of Veritas AG, an automotive supplier based in Gelnhausen, Germany. The acquisition includes Veritas' headquarters, technical center, and manufacturing operations in Germany, Austria, Bosnia-Herzegovina, Hungary, and Mexico.
HDT Automotive Solutions has agreed to acquire Veritas AG, an automotive supplier of fluid, thermal and sealing management systems. The transaction is expected to close at the end of October 2021 and will create a global leader with revenue approaching $1B.