HDT Automotive announces deal to acquire German supplier Veritas

Acquisition, divestment & Spinoff

The acquisition helps HDT nearly double its size with revenues approaching USD1 billion

Michigan-based automotive supplier of advanced thermal management systems, HDT Automotive Solutions LLC plans to acquire Germany’s Veritas AG, a supplier with expertise in elastomers, plastics, and metal for fluid, thermal and sealing management systems, HDT said in a press release on 23 June.

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