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HT-SAAE Acquired erae Automotive

 

Shanghai Aerospace Automotive Electromechanical Co., Ltd. (HT-SAAE) has successfully closed the transaction of acquiring 51% share of erae Automotive System Co., Ltd. on January 31, 2018 through its wholly owned company Shanghai HT Holding Hong Kong Limited.

Effective February 1, 2018, Korea-based eare Automotive, China-based SDAAC Automotive and HT Hong Kong wholly owned Luxembourg Thermal Technical Center will become part of the HT-SAAE Global Thermal Business Unit.
Mr. Rengan Krishnakumar (KK) is appointed as Global Chief Executive Officer (CEO) of HT-SAAE Thermal Business Unit.

The newly created HT-SAAE Thermal Business Unit will have 15 sites and will significantly expand our footprint and will establish a technology innovation system across China, Korea, Europe and the United States. Our product lines include the complete thermal portfolio-CRFM, HVAC, compressor and HVAC controls.

SDAAC Automotive Air-Conditioning Systems Co., Ltd., Shanghai

SDAAC witnessed and participated in the growth of the Chinese Automotive Industry. The company was founded in 1989 as Shanghai Automotive Air Conditioning Company. It was the earliest company dedicated to vehicular thermal management in China. Over the years, it evolved into a Delphi managed Joint-Venture Company, thereafter a State Enterprise under HT-SAAE, and most recently a reinforced global player through HT-SAAE’s acquisition of erae Automotive. Under the management of HT-SAAE Global Thermal Business Unit, we established a technology innovation system across China, Korea, Europe and the United States, and serve a diversified customer base including GM, VW, BMW, FCA, Toyota, SsangYong, Honda, DPCA, Isuzu, etc.

SDAAC sees Research and Development the only way to provide leading-edge technologies to its customers. It invests significantly in engineers’ training development and facility improvement. As such, it is recognized with the distinction of being the only State certified “National Enterprise Technology Center” for automotive air conditioning industry in China.

SDAAC focuses on sustainable quality & environmental development. It has been granted ISO/TS16949, ISO14001 and recently with IATF16949:2016 certifications.

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No. 1768 Hunan Road, Pudong New Area, Shanghai, China
Postcode: 201204                     
Phone: +86 21 38663051

Email add. : information.sdaac@sdaac.com