ERJ staff report (BC)
Weinheim, Germany/Bursa, Turkey – TrelleborgVibracoustic and HSS Otomotiv have signed a joint venture contract to merge their businesses for commercial vehicle air springs.
The new company VibracousticBlacktech will be headquartered in Hamburg, Germany, serving OEM customers as well as the independent aftermarket (IAM) on a global scale. The agreement is subject to the approval of the anti-trust authorities.
The new joint venture will have operations and technical centres in Germany, Turkey, Hungary, the United States and China, with about 600 employees worldwide.
TrelleborgVibracoustic will hold 50.1 percent of the shares and HSS Otomotiv/Blacktech 49.9 percent.
The decision of the anti-trust authorities is expected in a matter of weeks.