Autoneum to buy bankrupt Borgers automotive division for €117m
Autoneum, the Switzerland-based producer of acoustic and thermal insulation systems, is to acquire the automotive business of Borgers, which specialises in textile acoustics protection, insulation and trim for vehicles.
The transaction is expected to close in April following antitrust clearance. The enterprise value paid amounts to €117m.
For the full story, see the February 2023 edition of MobileTex.
Photo: Autoneum