Business Jan. 07, 2012 - 05:13AM JST ( 2 )

MUNICH —

Hitachi Automotive Systems Europe GmbH has acquired 100% share of HUECO Automotive GmbH from HUECO electronic GmbH, a portfolio company of Sued Beteiligungen GmbH, to strengthen its automotive aftermarket business in the European market.

Hitachi Automotive Systems Europe is a subsidiary of Hitachi Automotive Systems, Ltd and controls all Hitachi activities related to sales, manufacturing and development of automotive parts in the European market.

HUECO Automotive was originally founded in 1980 for the purpose of manufacture and sales of automotive aftermarket products, and has been expanding its distribution network especially in Europe. In 2005, HUECO Automotive started manufacturing operations in India to increase manufacturing competitiveness.

Hitachi Automotive Systems Europe intends to further expand its automotive aftermarket business in Europe by utilizing the enhanced resources, sales channels and experiences gained through the acquisition of HUECO Automotive.