HDT Automotive,USA has agreed to acquire Veritas，Germen
HDT automotive Solutions LLC claimed that it agreed to acquire Veritas AG,an Germen automotive supplier that based in Gelnhausen, with rich experience in elastomer, plastic and metal fluids, heat and seal management systems.
It is expected that the transaction will be completed by the end of October 2021.
Veritas AG has about 4400 employees in 12 locations in Europe, China and USMCA area. Customers include global automakers such as Volkswagen, BMW, Daimler, Ford and general motors, as well as many top suppliers.Through the latest acquisition, HDT will have 22 locations around the world, including manufacturing facilities and engineering centers in North America, Europe and Asia.
The acquisition has changed HDT by doubling its size and creating a global leader in fluid processing systems with revenue of nearly $1 billion.The deal also drives HDT’s innovative materials science and connectivity expertise in rubber, plastic and metal fluid delivery devices to meet a wide range of automotive applications.