Company Overview of MAHLE GmbH
MAHLE GmbH provides engine systems, filtration and engine peripherals, and thermal management products for the automotive industry in Germany and internationally. The company offers engine systems and components, including aluminum pistons, articulated and steel pistons, piston assemblies, and power cell units; piston rings and pins, connecting rods, cylinder liners, bearings, bushings, and piston inserts; and valve train systems and components, camshafts, valves, and valve actuator components. It also provides air intake modules, cylinder head covers, oil pump systems, oil coolers, activated carbon canister modules, filter modules, and cabin air filters. In addition, the company offers ther...
Founded in 1920
Key Executives for MAHLE GmbH
Chief Financial Officer, Corporate Executive Vice President and Member of Management Board
Corporate Executive Vice President, General Manager of Business Unit Engine Systems & Components, Corporate Quality management, Profit Centers large Engine Components, Small Engine Components and Member of the Management Board
Corporate Executive Vice President, General Manager of Filtration & Engine Peripherals Business, Profit Centers Industrial Filtration, Actuators & Heaters, Electric Drives & Applications and Member of Management Board
Corporate Executive Vice President of Automotive Sales & Application Engineering and Member of Management Board
Corporate Executive Vice President, General Manager of Business Unit Thermal Management, Profit Centers Industrial Thermal Management, Control Units & Front-End Modules and Member of Management Board
Compensation as of Fiscal Year 2015.
MAHLE GmbH Key Developments
Delphi Seeks Acquisitions
Jul 30 15
On June 30, 2015 Delphi Automotive PLC (NYSE:DLPH) closed the sale of its Thermal Systems business to MAHLE GmbH. The Company received net cash proceeds of approximately $660 million and recognized an after-tax gain on the divestiture of $285 million within income from discontinued operations. Proceeds from the sale will be used to fund future growth initiatives, including acquisitions, as well as share repurchases.
MAHLE Open Two New Manufacturing Plants in Ramos Arizpe and Celaya, Mexico
Jun 9 15
MAHLE announced that it is opening two new manufacturing plants this week in Ramos Arizpe and Celaya, Mexico, to support automotive customers with assembly operations in the central and northeastern regions of the country. The opening of new 367,000-square-foot MAHLE plant in Ramos Arizpe takes place on June 9, 2015. The facility is located close to two other MAHLE facilities and is part of the company's Thermal Management business unit. Full production at the $59 million plant will begin in July 2015. Employment there is expected to increase from about 140 people in 2015 to 500 in 2018. The company also will officially open a new $19 million, 193,000-square-foot facility in Celaya on June 10, 2015. The plant is part of MAHLE's Filtration and Engine Peripherals business unit and is expected to employ 450 people by 2019. MAHLE's new Ramos Arizpe plant is near Saltillo in northeastern Mexico. The facility will produce HVAC modules and heat exchangers for passenger cars and commercial vehicles. Located in central Mexico northeast of Mexico City, the Filtration and Engine Peripherals plant in Celaya will produce air cleaner systems, air ducts, air intake manifolds and carbon canisters. With the two additions, MAHLE's footprint in Mexico will grow from 10 to 12 production facilities totaling more than 6,000 employees by 2019.
Mahle Announces Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Revenue Guidance for the Year 2015
Apr 30 15
Mahle announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported an 18.2% year-on-year increase in net income to EUR 279 million in the financial year that ended on 31 December 2014. The rise was mainly driven by a 43.2% year-on-year jump in sales to EUR 9.9 billion. The company recorded higher sales, primarily due to first-time full-year inclusion of sales from Mahle Behr Group, which boosted sales by approximately EUR 3 billion. In addition, full consolidation of Letrika Group's business, which was acquired in September 2014, contributed to strong top-line growth during the financial year. Higher sales helped Mahle record strong growth in earnings. The company reported a 32.6% year-on-year increase in EBITDA to EUR 1 billion, while EBIT surged 21.8% year-on-year to EUR 514 million. The company's performance during 2014 was driven by continued strong growth in North America and Asia-Pacific. Mahle's sales in North America surged 54.4% year-on-year to EUR 2.3 billion on first-time consolidation of Mahle Behr business. Sales in Asia-Pacific were up 34.5% year-on-year to EUR 1.8 billion. At home in Europe, the company benefitted from a continued recovery in vehicle demand. Full-year consolidation drove the company's sales in the region by 50.5% year-on-year to EUR 5.2 billion. However, the company's sales came under pressure in South America, as automakers witnessed a drop in vehicle production during 2014. Sales there dropped 3% year-on-year to EUR 679.9 million. In 2014, Mahle generated 52% of sales from Europe, 23% from North America, 18% from Asia-Pacific, and 7% from South America. Consolidated sales of all Mahle's profit centers more than doubled year-on-year to EUR 1.9 billion.
The company expects its revenues in 2015 to be between EUR 10.5 billion and EUR 11.5 billion, driven by the acquisition of the thermal division of Delphi Automotive.
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