Mutares to acquire Innomotive Systems Hainichen.

Mutares, an international private equity investor, agreed to acquire Innomotive Systems Hainichen, a manufacturer and supplier of aluminum hinges for the automotive industry. Financial terms were not disclosed. “We are excited to announce a further acquisition in the automotive sector. Innomotive Systems Hainichen offers numerous synergies within the existing portfolio, especially with KICO, bringing the companies to become a truly world-wide provider of car components. As far as I know, this is the first sell-side transaction of a Chinese state-controlled company in Germany, which is unique and underpins the high reputation of Mutares in the European private equity sector," Johannes Laumann, Mutares CIO.