# IAC and Shenda to form global JV for soft trim and acoustics products

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. have signed a definitive agreement to form a global joint venture. A UK affiliate of Shenda will acquire a 70% stake in the UK-based JV at an enterprise value of USD 570 million; IAC will retain 30%.

- Type: Acquisition
- Announced: 2017-01-19
- Where: United Kingdom, United Kingdom
- Value: $570.0M
- Status: announced
- Products: floor carpets, acoustic insulators, package trays, trunk trim, utility flooring products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [International Automotive Components](https://endata.com/companies/20983.md)
- [Shanghai Shenda](https://endata.com/companies/20984.md) (partner)

## Sources

- [motownindia.com](https://www.motownindia.com/Bureau/Auto-Industry/2446/IAC--Shenda-to-form-JV-for-acoustic-products-Motown-India-Bureau), 2017-01-19: "A UK affiliate of Shenda will acquire a 70% stake in the UK-based JV based at an enterprise value of USD $570 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.