LUDWIGSBURG, Germany - Mann+Hummel signed a memorandum of understanding with Belgium's Solvay aimed at the acquisition of Solvay's Automotive Air Induction Systems and Technical Parts (AIS/TP) business unit.
Solvay AIS/TP's activities include the development and manufacture of plastic automotive components for engine air induction systems; reservoirs and tanks; engine covers; HVAC (heating, ventilation, air conditioning); engine cooling ducts; windshield washer systems; and headlamp cleaning systems.
Solvay AIS/TP's global sales are expected to reach E150 million this year.
Acquiring these Solvay activities will enable Mann+Hummel to provide the complete air intake system from the air inlet to the engine for automotive applications from their own production facilities.
Siemens, Yazaki JV
Siemens VDO Automotive and Yazaki launched two joint ventures that will develop and market electronic and electrical systems for the combined Siemens and Yazaki business at Ford, BMW and Renault.
The first joint venture company, S-Y Systems Technologies Europe, will be in Regensburg, Germany. It will work on BMW and Renault programs.
The second company, S-Y Systems Technologies America, will be in Dearborn, USA. It will work on Ford programs.
The suppliers will have equal stakes in these two companies.
Siemens and Yazaki also formed a third joint venture, S-Y Wiring Technologies, which will make wiring harnesses and sell them to S-Y Systems Technologies' European and American operations. Yazaki will have a 75 percent stake in this company. Siemens will own the remainder.