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HDT Automotive Solutions completes acquisition of Veritas AG and its subsidiaries

Jul 13, 2024•over 1 year ago

Acquiring Company

HDT Automotive Solutions

Acquired Company

Veritas AG

LivoniaGelnhausenAutomotiveManufacturingAutomotiveManufacturing

Description

HDT Automotive Solutions, a US-headquartered company, has completed the acquisition of Veritas AG and its subsidiaries, significantly upscaling its business with additional locations and production capacities. The combined HDT Veritas company now employs more than 5,000 people across 15 locations in North America, Europe, and Asia, solidifying its position as a leading supplier to the world's top original equipment manufacturers.

Company Information

Company

HDT Automotive Solutions

Location

Livonia, Michigan, United States

About

HDT Automotive Solutions is a US-headquartered company that designs, develops, and manufactures innovative thermal management systems for the automotive industry. With the acquisition of Veritas AG and its subsidiaries, HDT is significantly upscaling its business with a total of five additional locations and gaining additional production capacities in low-cost regions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed