USA: ArvinMeritor to buy remaining 51% of German joint venture Zeuna Starker GmbH & Co
ArvinMeritor said on Wednesday that it had agreed to buy the remaining 51% interest it does not already own in German joint venture Zeuna Starker GmbH & Co. for about $US75 million, Reuters reported.
ArvinMeritor said on Wednesday that it had agreed to buy the remaining 51% interest it does not already own in German joint venture Zeuna Starker GmbH & Co. for about $US75 million, Reuters reported.
According to the news agency, ArvinMeritor said it was buying out the venture, which specialises in exhausts and emissions technology, in order to create a complete range of emissions products and expects to close the deal in the second quarter of 2003.
ArvinMeritor become a 49% partner in Zeuna Starker in 1998, Reuters added.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
