GeicoTaikisha to acquire J-PM, PSP and SEC.

GeicoTaikisha, which provides services in design, fabrication, and installation of paint finishing systems and environmental systems, agreed to acquire J-PM, PSP and SEC, three European engineering companies. Financial terms were not disclosed. "This is an operation that began in one of the darkest moments in the automotive sector due to the global pandemic. We realize that the current situation is full of uncertainties but investing even more in difficult times is part of our DNA because we feel it is our duty to our Stakeholders and their future," Daryush Arabnia, GeicoTaikisha Chairman, President, and CEO.