Hitachi acquires 100% stake in HUECO

Recently, Hitachi Automotive Systems Europe announced the company’s acquisition plan, and Hitachi has acquired 100% of the shares of HUECO Automotive GmbH. The acquisition is mainly to use the existing resources and sales channels of the company in the European market to expand its business in the automotive aftermarket in Europe.

It is reported that Huike Automotive Company was founded in 1980 and is headquartered in Espelkamp, ​​Germany. It manufactures and sells automotive aftermarket products and has a very extensive sales network in Europe. To further enhance its competitiveness in manufacturing, HUECO set up a manufacturing plant in India in 2005.

The Hitachi Group consists of a large number of business units and business companies, and has a number of technologies, products, and solution technologies. Companies with a wide range of business scopes and diversified businesses are rare in the world. Hitachi Automotive Systems Europe, a subsidiary of Hitachi Automotive Systems, is headquartered in Munich, Germany and is responsible for all sales, manufacturing and R&D of Hitachi Automotive Systems components in Europe.

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