TASARU Mobility Investments acquires minority stake in Benteler subsidiary Holon

Holon (Benteler)/Holon Urban

TASARU Mobility Investments, a Saudi Arabian investment company, acquired up to 38% of Holon with EU and German regulatory approval. Funds will support series development, industrialization and three production sites in Europe, Saudi Arabia and the USA.

• Nine-digit investment amount approved by EU competition authorities and German Federal Ministry.
• TASARU to acquire stake in tranches; 38% total planned ownership.
• Facility planned for Jacksonville, Florida; operations and two international sites targeted.