Valmet Automotive to acquire Semcon's German automotive engineering business

Valmet Automotive signed an agreement to acquire Semcon's automotive engineering operations in Germany and testing operations in Spain, with about 800 employees and annual turnover of EUR 90 million.

“This acquisition radically expands our engineering services range and enables us to build and implement an overarching Valmet Automotive engineering strategy.”valmet-automotive.com

• 1 source
• valmet-automotive.comValmet Automotive to acquire Semcon’s German automotive engineering business expanding its service portfolio for the automotive industry | Valmet AutomotiveFeb 2, 2017

Summarized from public sources; check the original articles before acting on it.