# 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.

- Type: Acquisition
- Announced: 2017-09-01
- Where: U.K., United Kingdom
- Value: $570.0M
- Jobs: 7,000
- Status: completed
- Products: soft trim and acoustical products for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Auria Solutions Ltd.](https://endata.com/companies/26683.md)
- [International Automotive Components](https://endata.com/companies/20983.md) (partner)
- [International Automotive Components](https://endata.com/companies/20983.md) (target)
- [Shanghai Shenda](https://endata.com/companies/20984.md) (acquirer)
- [Auria Solutions Ltd.](https://endata.com/companies/26683.md) (partner)
- [Auria Solutions Ltd.](https://endata.com/companies/26683.md) (target)

## Sources

- [jonesday.com](https://www.jonesday.com/en/practices/experience/2017/09/international-automotive-components-and-shanghai-shenda-complete-joint-venture-transaction-forming-auria), 2017-09-01: "Shenda has acquired a 70% stake in the UK-based joint venture based on an enterprise value of $570 million."
- [auriasolutions.com](https://www.auriasolutions.com/global-brand-launch-auria-solutions/), 2017-09-15: "We’re very pleased to have completed this transaction and launched the next global leader in the soft trim and acoustics segment."
- [prnewswire.com](https://www.prnewswire.com/news-releases/shanghai-shenda-and-iac-group-complete-jv-transaction-forming-auria--a-global-tier-1-automotive-supplier-of-soft-trim-and-acoustical-products-300520351.html), 2017-09-15: "We're very pleased to have completed this transaction and launched the next global leader in the soft trim and acoustics segment."

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