Announced
Completed
Financials
Tags
Auto Parts
Private Equity
Friendly
Single Bidder
Acquisition
Private
Cross Border
Completed
Majority
Slovenia
automotive components
Synopsis
Mutares, a private equity and investment firm, completed the acquisition of Cimos, a manufacturer of automotive components, from TCH, a wholesaler of agricultural products. Financial terms were not disclosed. "We are excited to announce the first platform acquisition in Eastern Europe, which will provide our Automotive & Mobility segment with numerous advantages and synergies. We are confident that through operational improvements and growth, together with the KICO and the ISH Group, we can develop Cimos into becoming a worldwide leader in the sector," Johannes Laumann, Mutares CIO.
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