Autoneum acquires another Chinese automotive supplier

David Leggett

Fri, May 16, 2025, 4:14 AM 2 min read

Switzerland-based supplier Autoneum has signed an statement to get each shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., an automotive supplier for acoustic and thermal absorption successful China. Together with the precocious completed acquisition of Jiangsu Huanyu Group, the Business Group Asia portion is further expanding its lawsuit basal to see different large Chinese conveyance manufacturers specified arsenic FAW-VW, FAW-Audi, FAW-Toyota and Geely.

The transaction is scheduled to adjacent successful July 2025.

Established successful 2011, Chengdu FAW-Sihuan Group operates 4 accumulation facilities with astir 240 employees successful the contiguous vicinity of section automotive manufacturers successful the north, halfway and southbound of China.

Chengdu FAW-Sihuan Group’s merchandise portfolio is precise akin to that of Autoneum and includes components specified arsenic level insulators, wheelhouse liners, trunk trims, interior dashes, hoodliners and outer dashes.

In the 2024 fiscal year, Chengdu FAW-Sihuan Group generated a preliminary gross of astir CHF 27 million, with a maturation projected for the coming years. The acquisition terms is astir CHF 16 cardinal (excluding currency and currency equivalents and debt) and closing is expected successful July 2025 pursuing the indispensable approvals by the authorities. It is intended to proceed operating the Group nether the Chinese institution names.

From an organizational perspective, however, Chengdu FAW-Sihuan Group volition beryllium afloat integrated into Business Group Asia successful bid to afloat leverage the synergies.

Chengdu FAW-Sihuan Group, similar the Jiangsu Huanyu Group, offers entree to section conveyance manufacturers successful China. This volition alteration Autoneum to proceed to grow and implicit its lawsuit basal successful this cardinal market.

“The acquisition is successful enactment with our firm strategy Level Up and marks different important measurement successful implementing our strategical pillar Accelerate planetary growth,” said Eelco Spoelder, Chief Executive Officer of Autoneum.

“By adding further section Chinese car manufacturers to our lawsuit portfolio, this latest takeover, unneurotic with the acquisition of Jiangsu Huanyu Group, volition bring america adjacent person to our medium-term people of generating 20 percent of Group gross successful Asia.”

"Autoneum acquires different Chinese automotive supplier" was primitively created and published by Just Auto, a GlobalData owned brand.

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