Siemens expands in Singapore
- Publisher
- Elsevier Science
- Year
- 2007
- Tongue
- English
- Weight
- 55 KB
- Volume
- 2007
- Category
- Article
- ISSN
- 1365-6937
No coin nor oath required. For personal study only.
โฆ Synopsis
Mahle is expanding its market presence particularly in North America and Asia and is complementing its technology portfolio in this product division. Within the framework of the acquisition, Mahle will acquire about 1000 employees working for Siemens VDO in this business segment.
Siemens VDO develops and produces air management systems at locations including Canada, Mexico, the UK as well as China. The business achieves annual sales of approximately 300 million in this segment. Mahle already commands a strong market position in Europe and Asia, and is among the leading automotive suppliers for air intake modules and air filtration products.
The Air Management Systems product line is one of five product lines of the Mahle Group, which contributes approximately 15% of the company's sales in the current business year. Prof Dr Heinz Junker, chairman of the management board of the Mahle Group explained: "The development of innovative air management systems for combustion engines is one of our core competencies. The acquisition of the activities of Siemens
๐ SIMILAR VOLUMES
The Asian Development Bank (ADB) has made an initial contribution of US$600 million to a multidonor Asian Tsunami Fund to deliver prompt emergency funding to tsunami-affected countries. The Fund will pool and deliver grants for emergency technical assistance and investment projects to support recon