MAHLE, a leading international development partner and supplier to the automotive industry, announced that it has successfully completed the acquisition of Keihin Corporation.
“With effect from February 1, 2021, MAHLE has taken over the air conditioning business in Japan, Thailand, and the USA from the former Keihin Corporation (now Hitachi Astemo, Ltd.). The antitrust authorities have given their approval. Four production sites and one development center are now being integrated into the MAHLE Group,” the statement said.
With this acquisition, MAHLE is strengthening its position in the field of air conditioning systems, it added.
“With this important acquisition, we are strengthening our presence and customer connections in Asia and North America in a business area that will become even more important not only for conventional drives, but especially for alternative drives. We want to continue growing in this area in particular,” says Dr. Jörg Stratmann, Chairman of the MAHLE Management Board and CEO.
A total of around 1,700 people are employed at the new locations. Air conditioning units and components for their peripherals are developed and manufactured here, the release said.
The company was founded by Hermann and Dr. Ernst Mahle in 1920. In 2019, the group generated sales of approximately EUR 12.0 billion with around 77,000 employees and is represented in more than 30 countries with 160 production locations.
At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, about 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
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