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Mergers & Acquisitions / Appointments
Mergers and Acquisitions, Appointments
The automotive world is rather vivid and there are a lot of things happening between the companies - certainly there is competitions that drives the industry forward and speeds up product optimization and state-of-the-art innovations. However, this world is also merging companies and is leading to acquisitions, alliances - transmission specialists just need to keep up with this pace to stay well-informed. What is more, new heads and leaders offer new insights and approaches - their minds can truly revolutionize the Automotive industry.
Allison Transmission, one of the leading
producers of automatic commercial-duty gearboxes, promoted Otto Szalavari to
managing director of international marketing. It is assumed that this measure
will bring a fresh and more sophisticated approach in promotion of the company’s
products.
In late 2017 Schaeffler Group, a major supplier of automobile and industrial equipment, announced acquisition of the whole share package of Compact Dynamics from SEMIKRON. Schaeffler previously bought the controlling interest (51%) and now the bargain was related to the rest 49 % of shares.