HIT (http://www.honsel.com/) is a leading European supplier of light metal products to the automotive and heavy truck industries. HIT principally designs, manufactures and sells aluminum and magnesium components and assemblies. HIT has four main product categories: engine, transmission, suspension and body components. HIT has a diverse customer base including a variety of large automobile and truck OEM manufacturers and other large OEM suppliers that ship directly to vehicle manufacturers.
HIT competes in the casting, machining and finishing phases of automotive light metal components manufacturing. HIT seeks to capitalize on key trends in the light metal casting segment of the industry including: demand for new materials and technologies that reduce the overall weight of vehicles, increased outsourcing of light metals components manufacturing by automobile OEMs, preference of automobile OEMs for full service global suppliers, increased demand for suppliers with the capability to design and engineer components and assemblies, and consolidation opportunities due to the largely regional and fragmented nature of the Light Metals Casting segment.
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