# 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.

- Type: Acquisition
- Announced: 2017-02-02
- Where: Wolfsburg, Ingolstadt, Rüsselsheim, Bad Friedrichshall, Sindelfingen, Munich, Germany; Spain, Germany
- Jobs: 800
- Status: announced
- Products: automotive engineering services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valmet Automotive](https://endata.com/companies/21802.md) (acquirer)
- [Semcon](https://endata.com/companies/21927.md) (target)

## Sources

- [valmet-automotive.com](https://www.valmet-automotive.com/media/valmet-automotive-to-acquire-semcons-german-automotive-engineering-business-expanding-its-service-portfolio-for-the-automotive-industry/), 2017-02-02: "This acquisition radically expands our engineering services range and enables us to build and implement an overarching Valmet Automotive engineering strategy."

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