# 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.

- Type: Acquisition
- Announced: 2017-04-24
- Where: United Kingdom, United Kingdom
- Status: announced
- Products: automotive soft trim, acoustics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/iac-and-shenda-provide-update-on-pending-joint-venture-transaction-300444272.html), 2017-04-24: "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."
- [just-auto.com](https://www.just-auto.com/news/ndrc-china-approves-iac-shenda-joint-venture/), 2017-04-26: "Shenda will acquire a 70% stake in the UK-based joint venture and IAC will maintain a 30% interest."

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