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Ludwigsburg-based systems supplier, Mann+Hummel is taking over Helsa-automotive Gmbh & Co KG with head office in Gerees from companies led by Schoeller Metternich Beteiligugen (SMB). The cartel authorities have approved the takeover. Christian Uhik, the former CEO of Helsa-automotive, will continue to manage the company as a wholly-owned Mann+Hummel subsidiary. In Germany and the Czech Republic. Helsa-automotive employs 350 staff and in 2006 had a turnover of about Euro 50 million. The takeover by Mann+Hummel strengthens. Its international competitiveness and further expands its worldwide market position in interiorfilters. The development partner and series supplier of the international automobile and engineering industry is so ideally equipped for this important growth market and can offer customers in the OEM and spare parts business even better solutions. In 2006 the worldwide demand for interior filters in series manufacturing exceeded 40 million units, of which Europe accounted for about half. The growth markets are the USA, South America and Asia. In the spare parts market the demand was well above 100 million interior filer elements. Demand is growing both in the independent and brand-linked spare parts market.
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| Posted : 2/27/2008 |
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