Sep 1, 2017ACQUISITIONU.K., United Kingdom IAC and Shanghai Shenda form Auria joint venture
International Automotive Components Group and Shanghai Shenda Co. Ltd. completed the formation of Auria Solutions Ltd., a joint venture where Shenda acquired a 70% stake based on an enterprise value of $570 million. IAC retained a 30% interest.
Productssoft trim and acoustical products for automotive
“Shenda has acquired a 70% stake in the UK-based joint venture based on an enterprise value of $570 million.”jonesday.com
- 3 sources
- jonesday.comInternational Automotive Components and Shanghai Shenda complete joint venture transaction forming Auria | Experience | Jones DaySep 1, 2017
- auriasolutions.comGlobal Brand Launch of Auria Solutions - Auria SolutionswindmillSep 15, 2017
- prnewswire.comShanghai Shenda and IAC Group Complete JV Transaction Forming Auria - a Global Tier-1 Automotive Supplier of Soft Trim and Acoustical ProductsIACSep 15, 2017
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