M&A Deal Summary

HDT Automotive Solutions Acquires Veritas

On June 23, 2021, HDT Automotive Solutions acquired automotive company Veritas

Acquisition Highlights
  • This is HDT Automotive Solutions’ 2nd transaction in the Automotive sector.
  • This is HDT Automotive Solutions’ 1st transaction in Germany.

M&A Deal Summary

Date 2021-06-23
Target Veritas
Sector Automotive
Buyer(s) HDT Automotive Solutions
Deal Type Add-on Acquisition

Target

Veritas

Gelnhausen, Germany
Veritas is a developer of material and system competency for the fluid, thermo and sealing management of vehicles and as manufacturer of elastomer sealings and profiles for industrial applications. Veritas is based in Gelnhausen, Germany.

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Buyer(S) 1

Buyer

HDT Automotive Solutions

Livonia, Michigan, United States

Category Company
Founded 1943
Sector Automotive
DESCRIPTION

HDT Automotive Solutions is a provider of automotive tubular components. HDT has ten manufacturing facilities across the United States, Canada, Mexico, Italy, United Kingdom, Poland, Hungary, and China and serves the North American, European, and Asian automotive markets. HDT Automotive Solutions was founded in 1943 and is based in Livonia, Michigan.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Dynamic Technologies

Attimis, Italy

Dynamic Technologies is a global designer and manufacturer of automotive fluid-handling systems and precision aluminum parts. DT manufactures a large range of tubing for the automotive industry. It creates aluminum tubing and develops products such as transmission oil cooler lines, engine oil cooler lines, turbocharging cooler lines, exhaust gas recirculation, HVAC tubing, and power steering tubing. Performance and reliability testing are fundamental aspects of DT’s product development. DT has additional operations in Canada, Hungary, Poland, Mexico, United Kingdom, and China. Dynamic Technologies was founded in 1983 and is based in Attimis, Italy.

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