ArvinMeritor To Acquire Rest Of Zeuna Stärker

ArvinMeritor has agreed to buy the remaining 51 per cent that it does not already own of German joint venture Zeuna Stärker GmbH. The price will be around $75 million and the deal will be concluded in the second half of next year. Zeuna Stärker specialises in exhausts and emissions technology; ArvinMeritor acquired 49 per cent of the venture in 1998.