Schaeffler sells cylinder head manufacturing unit in Germany to Weber Group
Transaction expected to close in first quarter of 2017
Schaeffler has agreed to sell its cylinder head manufacturing unit in Magdeburg, Germany, to Weber Group for an undisclosed amount, the company said in a press release on Thursday (22 December). The company’s Magdeburg-based subsidiary Schaeffler Motorenelemente specializes in the mechanical processing of cylinder heads and other complex housings for the automotive industry.
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