FORVIA to transfer its wholly-owned subsidiary Hug Engineering to Belgian OGEPAR Group
On April 15, FORVIA announced an agreement to transfer its 100 %-owned subsidiary Hug Engineering to the Belgian OGEPAR Group for an enterprise value of EUR 55 million. Hug Engineering is a major player in de-pollution systems for high horsepower engines, currently part of FORVIA’s Clean Mobility business group.
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