IAC and Shenda form joint venture for automotive soft trim and acoustics

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. are forming a joint venture where Shenda will acquire a 70% stake and IAC will maintain a 30% interest. The joint venture is expected to close during the third quarter of 2017.

“This is a major milestone toward the completion of our transaction and the formation of a new global leader in the automotive soft trim and acoustics segment.”prnewswire.com

• 2 sources
• prnewswire.comIAC and Shenda Provide Update on Pending Joint Venture TransactionIACApr 24, 2017
• just-auto.comNDRC China approves IAC/Shenda joint venture - Just AutoApr 26, 2017

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