mutares closes Autoneum Italy acquisition

mutares AG, Munich, has acquired the Italian Autoneum Italy S.p.A., a subsidiary of Autoneum Holding AG, Winterthur, a global technology leader in acoustics and thermal management solutions in the automotive industry, on July 22nd, 2013. Autoneum Italy generated a turnover of EUR 109 million in 2012 and employs currently about 730 people at its five sites all over Italy.

With a wide range of products Autoneum Italy offers innovative solutions for the acoustic and thermal management to its customers in the automotive industry. The customer base of Autoneum Italy consists of heavy-duty truck manufacturers such as Iveco, Volvo, Scania and Daimler as well as the Italian car manufacturers Fiat, Alfa Romeo, Ferrari and Maserati.

The sale of the Italian business is a strategic step of the Autoneum Group towards capacity adjustments in Europe while focusing on its core competences, the acoustic and thermal management for light vehicles. In the Italian market, the new mutares portfolio company will continue to benefit from the technological know-how of the Autoneum group as a licensee.

Robin Laik, founder and member of the executive board of mutares, states: “Autoneum Italy has a long experience in manufacturing innovative acoustic and thermal management solutions for the automotive industry. Based on this competence we are excited to further expand Autoneum Italy’s business”.