Valeo Signs Agreement To Acquire German FTE Automotive
Valeo has signed an agreement with Bain Capital Private Equity, owner of FTE automotive, to purchase 100 percent of FTE automotive for a purchase price corresponding to € 819.3 million (approximately $931 million USD), representing an estimated EBITA multiple of 8 times for 2016.
24th Automechanika Frankfurt To Offer Improved Quality And Offerings
Automechanika 2016 will the 24th edition of show and runs Sept. 13-17 at the trade fair site in Frankfurt am Main and, as always, will feature products and services for garage equipment, tools, paintwork or bodywork repair, recovery services, accident assistance or mobile services.
From GlobalBusinessProfessor.com: Overcoming Barriers To Global Leadership Development
In the interview, Dr. Michael Tucker describes the new model and process for global leadership development and how this approach helps to fill the need for more effective leaders who can operate across cultures.
Grand Rock Exhaust Co. Receives President’s ‘E’ Award For Exports
Grand Rock joins a prestigious group of American success stories to be awarded this honor, such as the Harley-Davidson Motor Co., Vita-Mix and FedEx Corp., to name just a few.
Aftermarket Auto Parts Alliance Signs New Shareholder: Triple A In San Pedro Sula, Honduras
Triple A currently operates four primary warehouses, which enables them to service the entire country of Honduras.
From GlobalBusinessProfessor.com: Key Challenges To Making Compliance Work in India
Attorney David Simon, partner with Foley & Lardner, provides his perspective on how companies can effectively navigate the legal and compliance challenges of conducting business in India in this audio interview.
Trelleborg’s Acquisition Of CGS Holding Finalized
CGS Holding includes the businesses Mitas, Rubena and Savatech. Mitas accounts for approximately two-thirds of the group’s sales and has strong mid-market specialty tire brands with a particularly strong position within agricultural tires.
Latin Parts Expo Conference Speakers Announced
The Latin Auto Parts Expo Conferences will be taking place June 16 at the Salón Portobello, located on the second floor of the show, which is taking place from June 14-16 in Panama City, Panama.
Bosch Sees Connectivity As Basis For Growth In China
“The Chinese market continues to offer us a wide range of business opportunities. The market for the Internet of Things (IoT) is also growing rapidly in China,” said Peter Tyroller (pictured), the member of the board of management of Robert Bosch GmbH responsible for Asia Pacific at at a local annual press conference in Shanghai.
Dayco Earns Best Plant Award From PSA
The award, presented during PSA’s 12th annual Best Supplier Awards, recognizes the Dayco belt manufacturing plant in Manoppello, Italy, for its performance in manufacturing excellence according to the PSA Group’s quality standards.
Magneti Marelli Inaugurates A New Suspension Plant In China
The new Magneti Marelli plant was inaugurated in the Nansha District, Guangzhou, China. In addition to suspension systems, the plant also will produce pedal systems for the automotive sector.
Exide To Showcase Latest Battery Advancements At CeMAT
CeMAT will take place from May 31 to June 3 in Hannover, Germany, with this year’s event titled “Smart Supply Chain Solutions.” Exide will be in Hall 26, Stand D24, in the MOVE & LIFT section.
