Sodecia and Huf Finalize Strategic Partnership

Portugal - The shareholder families of SODECIA – Participações Sociais, S.G.P.S., S.A. (“Sodecia”) and Huf Hülsbeck & Fürst GmbH & Co. KG (“Huf”) have successfully concluded their previously announced strategic partnership, marking a significant development in the automotive components sector.

As part of this alliance, Sodecia has acquired a strategic minority stake in Huf, initially purchasing 30% of the company’s shares, with plans to gradually increase its ownership. This move positions Huf as the group’s specialist responsible for “Access & Authorization,” thereby strengthening Sodecia’s role as a reliable partner to customers, suppliers, and financial stakeholders worldwide.

In conjunction with the partnership, Mr. Rui Monteiro has been appointed as the new CEO of Huf. He will lead the company alongside COO Dirk Fischer and CFO Rainer Heupel. Their combined leadership aims to drive innovation and operational excellence within the rapidly evolving field of secure vehicle access.

Huf is widely recognized for its strong legacy as a specialist in secure car access and authorization systems. Together with Sodecia, the partnership will focus on developing, industrializing, and delivering cutting-edge solutions that anticipate and define market trends. This collaboration underscores a shared commitment to meeting the evolving needs of automotive customers and end consumers through innovative technologies.

This strategic cooperation reinforces the commitment of both companies to advance automotive security and mobility solutions on a global scale.