The German Group, Mahle’s 33.33% equity investment in the joint venture, HBPO, up to now held by Plastic Omnium, Hella and Mahle-Behr.
Plastic Omnium now owns 66.66% of HBPO.This acquisition was signed for an enterprise value of € 350M, financed by the Group’s own resources.HBPO is the world leader in the development, assembly and logistics of automotive end-end modules with 20% of worldwide market shares.