MAHLE Clevite Inc. finalizes Acquisition of RTI Technologies
Stuttgart/Ann Arbor, January 2013 – MAHLE Clevite recently announced the completion of the acquisition of RTI Technologies. The transaction, closing on January 1, 2013, renames the company MAHLE Clevite Inc., RTI Division. The company will continue to develop and distribute automotive maintenance equipment including air conditioning service, fluid exchange and nitrogen tire inflation systems.
The completion of sale presents an opportunity for MAHLE to expand its business into the repair shop equipment sector of the Automotive Aftermarket.
“Given the long-term approach to the Automotive Aftermarket as an important sales channel for MAHLE on a global scale, this acquisition will broaden our Aftermarket offerings within our strategic product and service range and make us one of the leaders in this segment in North America,” said Dan Moody, General Manager of MAHLE’s Aftermarket business for North America.
MAHLE Clevite Inc., RTI Division will continue operations in York, Pennsylvania, and supply shop equipment under the MAHLE brand to the Independent Aftermarket and major OE manufacturers globally. Additionally, the acquisition will allow MAHLE to focus on continuous sales growth and customer service in North America, together with potential business expansion in other regions.
For more information, visit www.mahle-aftermarket.com
The MAHLE Group is one of the top 30 automotive suppliers and the globally leading manufacturer of components and systems for the internal combustion engine and its peripherals. Around 49,000 employees work at over 100 production plants and eight research and development centers. In 2011, MAHLE achieved sales of around EUR 6 billion (USD 8.3 billion).