Ogepar and Forvia have signed a share purchase agreement for the acquisition of all activities of Hug Engineering.
https://hug-engineering.com/
Hug Engineering is known as a manufacturer of emission reduction systems such as SCR (“Selective Catalytic Reduction”) and DPF (“Diesel Particulate Filter”), has 230 employees, a turnover of 70 M€ and locations in Switzerland, Italy, Germany, the Netherlands and the USA.
With this, Ogepar is strengthening its activities to make combustion engines more sustainable. This acquisition is therefore strategically important for the Ogepar group.
The agreement is subject to customary conditions to closing. Closing is scheduled for the end of June 2024.
