The planned increase of Mahle’s participation in Behr to 36.85% has been successfully completed.
Mahle increased its share from 19.9 to 36.85% in January 2011 as part of the planned acquisition of the Behr Group. As in the first stage, the most recent step was completed by way of a unilateral capital increase, in order to further strengthen the financing and balance sheet structure of the Behr Group, Mahle said.
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“We are completely on schedule,” said Prof. Dr. Heinz K. Junker, Chairman of the Mahle Management Board. “At present, we are very confident that our share in the Behr Group will be increased to more than 50% on January 1, 2013, thus allowing full integration into the Mahle Group.”
Mahle said that the preparations already underway for the integration are led by a specially organised integration team comprised employees from all specialist functions.
“We are making good progress and are optimistic that, with our complementary product range, the integration of Behr into the Mahle Group will allow us to further expand and improve our market position. This applies to systems environments for modern combustion engines, alternative power train technologies, and complete thermal management for vehicles,” continued Prof. Junker.
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