Siemens VDO Automotive has sold its subsidiary Hydraulik-Ring to Cleveland, OH-based Hilite Industries.
Hilite has taken over the complete operations of the Hydraulik-Ring Group at the Limbach-Oberfrohna, Marktheidenfeld, NÃ¼rtingen and Seckach sites.
The purchase price of the transaction was not disclosed.
Hydraulik-Ring is a developer of hydraulic components for automotive powertrain applications. Hilite Industries manufactures components for the automotive industry, including brake control valves and electromagnetic clutches.