Mann+Hummel has signed a Memorandum of Understanding with the Belgium company Solvay aimed at the acquisition of Solvay’s automotive Air Induction Systems (AIS) and Technical Parts (TP) activities.
The takeover is subject to authorisation by the relevant competition authorities.
Solvay’s Air Induction Systems and Technical Parts 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, windscreen washer systems and headlamp cleaning systems.
Solvay AIS/ TP businesses are expected to generate a global turnover of some EUR 150 million in 2001; the company has 1,050 employees in 10 locations situated in France, Germany, Spain, UK, Belgium, the US and Brazil.
The existing Mann+Hummel product range will be complemented by air ducts, resonators and plastic throttle bodies, enabling the company to provide a complete air intake system from the air inlet to the engine.
The Solvay activities will be integrated into Mann+Hummel’ s ‘intake manifold systems’ and ‘air cleaner systems’ business units.
Mann+Hummel was founded in 1941 in Ludwigsburg, Germany, and has seven business units with sales of EUR 950 million.