Stuttgart, September 16, 2015 - MAHLE press releases from IAA Passenger Cars in Frankfurt:
Stuttgart/Germany, September 7, 2015 — In the first half of 2015, the MAHLE Group achieved sales of EUR 5.53 billion and has thereby grown by 12.5 percent compared with the same period in the previous year. At EUR 324.5 million, earnings before interest and taxes (EBIT) are also 17.2 percent above the previous year’s value. The EBIT margin rose to 5.9 percent.
Stuttgart/Germany, July 1, 2015 – The antitrust authorities have given their approval: MAHLE has acquired the thermal business of U.K. automotive supplier Delphi Automotive PLC as of July 1, 2015. As a result, the Stuttgart-based group is expanding its strategically important Thermal Management business unit.
Stuttgart, June 17, 2015—MAHLE now holds around 90 percent of the shares in Kokusan Denki, a company listed on the Tokyo Stock Exchange, after a successful public tender offer. It is thereby further strengthening its presence in the mechatronics sector.
Stuttgart/Germany, April 30, 2015 — In 2014, MAHLE generated sales of nearly EUR 10 billion. The growth of around 43 percent is largely due to the first-time full-year inclusion of the MAHLE Behr Group.
MAHLE has signed a definitive agreement to acquire the wholly-owned thermal business of U.S. automotive supplier Delphi Automotive PLC (NYSE: DLPH). In 2014, the division and its approximately 7,600 employees achieved annual sales of around USD 1.2 billion (roughly EUR 1.0 billion). After approval by the relevant antitrust authorities, a closing of the deal is anticipated for the fall of 2015. Further, it is intended to acquire the joint venture of Delphi Thermal in China.
Stuttgart, December 16, 2014 – The Supervisory Board of MAHLE GmbH has appointed Wolf-Henning Scheider as new Chairman of the MAHLE Management Board with effect from July 1, 2015. He will join the MAHLE Group on April 1, 2015, and will initially assume the role of Vice Chairman of the Management Board.
Stuttgart/Germany, September 8, 2014: The sales and result of the MAHLE Group developed positively in the first half of 2014.
Stuttgart, September 2, 2014 – The transaction approvals have been issued from all relevant antitrust authorities. The acquisition of the majority stake in Letrika d.d., which is listed on the Ljubljana Stock Exchange, is expected to be completed in calendar week 37. In the future, Letrika is to be integrated and consolidated into the MAHLE Group as the “Electric actuators and engine accessories” profit center.