German filter product producer Mann+Hummel is acquiring most of vehicle parts and systems producer Affinia Group. The deal includes Affinia’s consumer and commercial vehicle businesses, and its global filtration operations, excluding its South American operations.
“We believe that this partnership with Mann+Hummel will accelerate our growth potential, provide access to new technologies and capabilities, and enhance our financial strength and global scale to excel in the global marketplace,” said Keith Wilson, president and CEO of Affinia Group. “We couldn’t be more thrilled about the potential this brings to our global brands, and most importantly, our dedicated people that have helped build our legacy of leadership and innovation.”
Before the agreement is finalized regulatory approval and other customary closing conditions must be met.