Having obtained authorization from the relevant competition authorities, Plastic Omnium today completed the acquisition of the German Group, Mahle’s 33.33% equity investment in the joint venture, HBPO, up to now held equally 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 from the Group’s own resources.
HBPO is the world leader in the development, assembly and logistics of automotive front-end modules with 20% of worldwide market shares.
