Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd.’s subsidiary, FIT Voltaira, has successfully acquired 100% equity in Auto-Kabel companies and their assets for EUR 72.5 million. The deal includes production machinery, intellectual property, and subsidiaries in mainland China, specifically harness and cable manufacturers AK Harness (Taicang) and Changchun AK Sanzhi. This strategic move aims to meet operational needs and is dependent on regulatory approvals.
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