STAR7 completed the acquisition of Consulting Automotive Aerospace Railway Group.

STAR7, an offeror of engineering, product knowledge, and printing services, completed the acquisition of Consulting Automotive Aerospace Railway Group, a specialist in engineering solutions for diversified industries. Financial terms were not disclosed. “When the CAAR Group, whose turnover for 2022 is forecast to be around €15m, becomes part of the STAR7 Group, it will turn our Engineering activities into a flagship business unit in our portfolio, creating the preconditions to develop a business with a share of revenues in line with our Global Content division. The CAAR Group’s operating margins will improve through efficiencies and synergies, which we will implement straight away. This is an opportunity that really took shape after working with several of CAAR’s customers. By placing ourselves higher up the product information value chain and embracing strategic engineering activities more decisively, we will draw even greater value from our Integrale7 approach, strengthening partnerships with our customers as the sole provider of multiple closely linked services,” Lorenzo Mondo, STAR7 CEO.