The growth of ‘unit-only’ acquisitions within automotive and the core business strategy
Amongst the mega-acquisitions seen over the last twelve months, suppliers are quietly going about making deals for specific units and businesses from other suppliers
Grupo Antolin has closed its USD535 million deal for Magna’s interiors businesses. A Grupo Antolin statement says that the business will become a new business unit within Grupo Antolin, headquartered near Munich, Germany. With this purchase, Grupo Antolin’s sales will double to more than EUR4 billion (USD4.4 billion). Grupo Antolin will add the new unit, called ‘Cockpits and Interior Trim’, alongside its existing interiors businesses; Overhead Systems, Doors, Seating and Lighting.