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Autoneum Management Ltd signed an agreement to acquire Trèves Group, an automotive supplier specializing in acoustic and thermal insulation, for an upfront consideration of about €40 million (total consideration ~€64 million). The deal is intended to strengthen Autoneum's position in automotive acoustics and thermal management.
“Autoneum Management Ltd, Winterthur/Switzerland, has signed an agreement to acquire Trèves Group, Issy-les-Moulineaux/France, an automotive supplier specializing in acoustic, thermal insulation, interior trim and trunk solutions.”technical-textiles.textiletechnology.net
Summarized from public sources; check the original articles before acting on it.