ERJ staff report (BC)
Darmstadt, Germany and Bursa, Turkey –TrelleborgVibracoustic and HSS Otomotiv have closed a joint venture agreement to form a new company for the global supply of commercial vehicle air springs, following antitrust clearance. The JV was first announced in March.
The new company will be called Vibracoustic CV Air Springs GmbH and will be headquartered in Hamburg, Germany.
HSS Otomotiv chairman Ramazan Sahin said: “With the formation of this joint venture we have become the second biggest air spring manufacturer in Europe and the third…