Chinese automotive platform maker AVIC Automotive Systems has acquired Henniges Automotive which makes engineered sealing and anti-vibration systems for the automotive market.
US based Henniges Automotive is known for designing, manufacturing and selling dynamic sealing and anti-vibration solutions, which is supplied to automakers around the globe. The system helps the vehicle keep quiet and dry.
The company recently added new facilities in Mexico, China and Germany in order to expand its reach in emerging markets.
The deal is expected to help Henniges Automotive benefit from AVIC Auto's solutions and its advanced technology.
The acquisition will enhance Henniges Automotive's worldwide capabilities and help the company expand its presence in the Chinese market.
Henniges Automotive CEO Douglas DelGrosso said: "We are encouraged about this acquisition by AVIC Auto, which will provide the capital and financial backing needed to sustain and grow our business, and ensure that the Henniges heritage, culture and name continue to thrive into the future.
"We are confident that AVIC Auto ownership will give Henniges Automotive further opportunities for continuous advancement in technology and solutions that drive positive results for our customers."
AVIC Automotive Systems is a unit of Aviation Industry Corporation of China as well as professional platform for the development of automotive parts of the AVIC group.
