Autoneum sells Italian subsidiary

Autoneum has sold its Autoneum Italy subsidiary to the German industrial holding company Mutares for an undisclosed transaction price.

Switzerland-based Autoneum said the sale is a key strategic step toward adjusting capacity in Europe to business expectations and ensuring the long-term economic success in the challenging European market.

By selling its Italian subsidiary, Autoneum has reduced its capacity by four to a total of 15 production sites in Western Europe, while focusing on its core competences of acoustic and thermal management for light vehicle manufacturers.

For the full story, see the August 2013 edition of MobileTex. Not a subscriber? Click HERE

Posted by Geoff Fisher on 22 August 2013



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