IMR Automotive S.p.A. buys out IndustrialeSud S.p.A.

IMR Automotive S.p.A. buys out IndustrialeSud S.p.A.

28 March 2017

March 2017

We are pleased to inform you that on 28th March 2017, IMR Automotive completed the acquisition of IndustrialeSud.

The new Group generates annual turnover of more than 350 million Euros, with 2,500 employees across Italy, Germany, Poland and Spain. The two companies' product portfolios have been combined, with the new Group perfectly positioned as a supplier of top level solutions for auto and truck interiors and exteriors.

Moreover, the acquisition will further reinforce the footprint of the Group, strengthening the organisational structure and improving its ability to respond to the increasing demand for higher quality and reliability.

IMR Automotive and IndustrialeSud share entrepreneurial skill and spirit, both committed to the continuous development of advanced technology, the search for high-level aesthetic appearance and maximum product reliability over time.