(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of Magna’s Car Top Systems business, establishing CTS as an independent global automotive supplier. CTS specialises in roof and aerodynamic kinematic systems, including convertible tops, sliding and folding roofs, … Read the full press release →
Posted in Automotive, Business, Electronics & Machinery, Germany, Industrial, Investment, Poland
Tagged 1996 joint venture, 30 years of experience, acquisition completion, aerodynamic kinematic systems, Automotive & Mobility segment, automotive OEMs, automotive roof systems, automotive supplier, Bietigheim-Bissingen, Car Top Systems, convertible tops, CTS, customer relationships, Engineering Expertise, essential components, EUR 75 million revenues, exterior system solutions, folding roofs, Germany, global automotive supplier, high-volume vehicles, HILO Group, hinges, independent supplier, industrial group, locking systems, luxury vehicles, Magna, Magna International, Magna’s Car Top Systems Business Joins Mutares Automotive & Mobility Segment, Mercedes-Benz AG, Munich, Mutares, Mutares Expands Automotive Supplier Platform With Roof Systems Specialist CTS, Mutares SE & Co. KGaA, Mutares Strengthens HILO Group With Acquisition of Car Top Systems From Magna, Operational Excellence, Poland, Porsche AG, premium vehicles, roof architectures, roof kinematics, sliding roofs, soft-top mechanisms, spoilers, sports car segment
Daimler and BAIC announce plans to expand local production of Mercedes-Benz vehicles due to expected market demand in China Local production hub Beijing Benz Automotive Co. Ltd. (BBAC) to operate additional production location Investment of over 11.9 billion RMB to … Read the full press release →
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