Announced
Completed
Synopsis
ZF Friedrichshafen, a supplier and distributor of driveline and chassis technology, completed the acquisition of the specialized adhesive films technology from Nitto, a firm that manufactures and sells a variety of industrial and electronics products. Financial terms were not disclosed. Nitto Switzerland designs and further develops adhesive multilayer films for curtain-airbags used in the automotive industry. Nitto holds several granted and pending patents for both the film and the corresponding lamination process. The company has a highly scalable and asset-light business structure, with the entire production process being outsourced.
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