The acquisition of a majority stake in Japan's Tennex Corporation has catapulted Stuttgart-based piston and engine component producer Mahle to a top position in the international filter systems market. According to Chairman Dr. Heinz K. Junker, this move has provided the company with the right ammunition for becoming a global player in the sector.
In August, 2000, Mahle increased its share in the Tennex Corporation from 33.30 to 57.72 percent through a unilateral increase in equity. The numbers indicated that the two companies were perfectly matched. With nearly 2,000 employees, annual sales of $420 million and seven production plants across Asia, the US and Europe, former Nissan Group subsidiary Tennex made an outstanding addition to Mahle's filter systems department. FULL STORY