Plastic Omnium is strengthening its position as world leader of front-end modules

AUTOMOTIVE EQUIPMENT

As the effects of these regulatory pressures are felt in the market, Plastic Omnium, a major automotive equipment supplier, actively supports its customers in complying with new emissions regulations.

With an international footprint, operating in key major markets, Plastic Omnium serves automakers through its capacity for innovation, focused on vehicle light- weighting, design freedom and emissions reduction.

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-  01 March 2018

Plastic Omnium is strengthening its position as world leader of front-end modules

On March 1st, 2018, Compagnie Plastic Omnium signed an agreement with the German group Mahle to acquire its 33.33% shareholding in the HBPO joint venture, up to then held equally by Plastic Omnium, Hella and Mahle-Behr.
This acquisition was made at an enterprise value of €350 million and will be financed by the group's own resources.
After this transaction, Plastic Omnium will hold 66.66% of HBPO and Hella 33.33%.

The size and technological expertise of HBPO will enable Plastic Omnium to speed up its development in smart modular products faced with the technological challenges of tomorrow's autonomous and connected car.
Plastic Omnium will unveil its strategic deployment plan after the relevant competition authorities have approved it.
The transaction shall now be submitted to the competition authorities concerned and should be finalized during 2018.

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