The Moldovan competition authority has concluded that this economic concentration is compatible with a healthy competitive environment and will not lead to significant distortions in the Moldovan market for car parts and accessories, where both companies’ products are available.
For Moldovan consumers, this means that supply chains and the supply of original parts will continue, albeit under the auspices of the new owner. The change of ownership is intended to maintain availability and expand the range of OE components.
This transaction forms part of a global agreement under which the defence group Rheinmetall is selling its entire civilian piston and automotive components division.
The transaction is valued at €350 million. With this move, Rheinmetall intends to focus entirely on the defence sector, whilst AEQUITA takes over the management of the automotive business, including well-known brands such as Kolbenschmidt and Pierburg.
The deal has already been approved by the European Commission and the competition authorities of a number of other countries. Supplies of spare parts to the Moldovan market will continue as normal via the network of authorised distributors.
The reason for the complete sale of the profitable automotive business, with an annual turnover of around €2 billion, was a global reorientation of the Rheinmetall Group. In light of the current security challenges in Europe, Rheinmetall’s board of directors has taken the strategic decision to withdraw completely from the automotive sector in order to focus all financial and production resources exclusively on the defence industry and the fulfilment of military contracts.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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