Stuttgart/Germany, February 13, 2017 – The MAHLE Group is expanding its expertise in the field of thermoelectrics by taking over the start-up company O-Flexx Technologies GmbH based in Duisburg/Germany. It has been agreed that the purchase price will not be disclosed.
Stuttgart/Vienna, January 30, 2017 – The MAHLE Group is selling its forging activities—MAHLE Motorkomponenten GmbH—to the Austrian Frauenthal Group. Both parties have agreed not to disclose the volume of the transaction, which is still subject to approval by the antitrust authorities.
Stuttgart/Germany, January 23, 2017 – The Bosch Group and the MAHLE Group have decided to seek a buyer for their joint venture, Bosch Mahle Turbo Systems (BMTS). The joint subsidiary was founded in 2008. With a total of around 1,400 employees, it develops and produces turbochargers for manufacturers of passenger cars and commercial vehicles. Production is largely based in St. Michael/Austria and in Shanghai/China. In Germany, BMTS also has a presence at two further locations in Stuttgart and Blaichach. Thanks to the technology used in their production and their high quality, BMTS products have an excellent reputation in the automotive industry. They have received numerous industry awards.
Stuttgart/Germany, November 1, 2016 – The MAHLE Group completes the sale of its industrial filtration activities to U.S.-based Filtration Group. Both parties have agreed not to disclose the purchase price for the transaction, which was previously approved by the antitrust authorities.
Hanover/Stuttgart, September 21, 2016 – The MAHLE Group has grown significantly faster than the global vehicle market during the first half of the year. With sales of around EUR 6.2 billion (+12 percent in comparison with the previous year), the solid growth trend of the previous years was maintained. At the IAA Commercial Vehicles in Hanover (September 22 to 29, Hall 12, Stand C23), the group is presenting a series of innovations that will help to increase efficiency, reliability, and driver comfort. Furthermore, some of the innovations are setting new standards in the commercial vehicle sector.
Stuttgart, August 8, 2016 – The MAHLE Group sells its industrial filtration activities to the filtration specialist Filtration Group Corporation, headquartered in Chicago/USA. Both parties have agreed not to disclose the purchase price for the transaction, which is subject to approval by the antitrust authorities.
Stuttgart/Germany, June 8, 2016 – The MAHLE Group’s Supervisory Board has appointed Mr. Bernd Eckl (48) to the Management Board of the MAHLE Group, with effect from January 1, 2017. During the first few months, he will familiarize himself before succeeding Dr. Rudolf Paulik (62) on April 1, 2017, following Dr. Paulik’s retirement on March 31, 2017. Mr. Bernd Eckl will be taking over his predecessor’s responsibility for the Engine Systems and Components business unit and for group-wide quality assurance.
Stuttgart, April 22, 2016 – The MAHLE Group increased its sales to around EUR 11.5 billion in the 2015 business year, which corresponds to a plus of roughly 16 percent. “MAHLE has thus entered a new dimension. In terms of variety and depth of range, our company is now more than ever one of the influential suppliers in the automotive industry,” explained Wolf-Henning Scheider, Chairman of the MAHLE Management Board and CEO, during the press conference on the Financial Statements in Stuttgart.
Stuttgart, March 15, 2016 – MAHLE is expanding its cooperation with Scuderia Ferrari in Formula 1 with a long-term partnership agreement that includes the development and supply of crucial engine components.