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Dieter Hundt sells Allgaier to Westron

Former Employer President Dieter Hundt has sold his company to a Chinese investor. The Westron Group from Beijing is taking over 88.9 percent of the shares in Allgaier Werke. The new owner intends to continue operations largely unchanged. Westron is an investor focusing on companies in the automotive, technology, and robotics sectors. Allgaier, therefore, fits well into its portfolio; it is an automotive supplier and industrial equipment manufacturer.

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