trending Market Intelligence /marketintelligence/en/news-insights/trending/k7bvwifv_4cxok5tnmqdhw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Hella completes sale of Danish, Polish businesses to Mekonomen

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Hella completes sale of Danish, Polish businesses to Mekonomen

German auto-parts maker Hella GmbH & Co. KGaA said Sept. 3 that it has completed the sale of two of its wholesale subsidiaries to Mekonomen AB (publ), following the approval of cartel authorities.

Hella sold its Danish unit FTZ Autodele & Verktoj A/S and Polish unit Inter-Team sp. z o.o. to the Swedish car parts wholesaler for €395 million. The subsidiaries employ a total of around 2,500 workers.

The sale will let Hella focus on its aftermarket activities, particularly the areas of independent aftermarket and innovative workshop equipment. The company plans to advance the interaction between both areas and speed up the development of new digital business models.