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| Name | Symbol | Market | Type |
|---|---|---|---|
| Iochpe Maxion Spa (PK) | USOTC:IOCJY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.70 | 0.5224 | 1.06 | 0.00 | 21:17:41 |
From May 2019 to May 2024
Brazilian railroad equipment manufacturer Iochpe-Maxion (MYPK3.BR) said Tuesday it has agreed to acquire the wheel-manufacturing units of ArvinMeritor Inc. (ARM) in Brazil, Mexico and the U.S for approximately $180 million.
According to Iochpe-Maxion, the acquisition includes a Brazilian wheel-making plant in Sao Paulo state with an annual capacity of around 14 million motor vehicle wheels and the Mexican wheel plant in the city of San Luis Potosi, with a 6 million wheel per year capacity. It also acquired North American customer support offices, including sales, engineering, quality-control, logistics and finance, in Troy, Michigan, which has approximately 20 employees and three leased warehouses.
The acquisition is pending approval by anti-trust authorities in each of the countries involved in the transaction and by the Iochpe-Maxion's shareholders.
-By Rogerio Jelmayer, Dow Jones Newswires; 5511-2847-4521; rogerio.jelmayer@dowjones.com
1 Year Iochpe Maxion (PK) Chart |
1 Month Iochpe Maxion (PK) Chart |
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