Grupo Manuel Champalimaud, a business conglomerate, agreed to acquire Novares European Bezels & Clusters from Novares, an automobile group. Financial terms were not disclosed. "With this acquisition, Grupo Manuel Champalimaud reinforces its commitment in Portugal, strengthening its competitive capacity in the plastic injection sector, positioning itself as an innovative group, with cutting-edge technology, focused on customer satisfaction, and on the needs of the European and North American markets. It is therefore with the greatest satisfaction that we welcome the Novares team of professionals into our Group," Manuel Champalimaud, GMC CEO.