Autoneum Holding AG : Delivering on its M&A ambitions in China
>Acquisition of China-based Jiangsu Huanyu Group - Autoneum announced that it has signed an agreement to acquire 70% of the shares of Jiangsu Huanyu Group, a leading automotive supplier for acoustic and thermal management in China with strong ties to major domestic OEMs like BYD, BAIC and GAC. Autoneum plans to continue to operate the company under the Chinese company name, as it wants to be perceived as a domestic supplier to local OEs. Jiangsu Huanyu Group generated...Autoneum Holding is a global technology leader engaged in providing solutions for noise reduction and heat management to increase vehicle comfort internationally.
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