# Minda Industries to acquire 80% of iSYS RTS GmbH

Minda Industries will invest €5 million to acquire 80% equity of Germany-based iSYS RTS GmbH, a hardware and software developer for automotive OEMs. The acquisition is expected to close by Q2 2017-18.

- Type: Acquisition
- Announced: 2018-07-16
- Where: Munich, Germany, Germany
- Value: $5.86M (5.00M EUR)
- Status: announced
- Products: electronic control units, hardware and software for OEMs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Minda Industries](https://endata.com/companies/23875.md) (acquirer)
- [iSYS RTS GmbH](https://endata.com/companies/33147.md) (target)

## Sources

- [vccircle.com](https://www.vccircle.com/minda-to-acquire-germanys-isys-sets-up-wheel-making-jv-with-japans-kasei), 2018-07-16: "The buyout will help Minda Industries expand its electronic control units’ offerings and technology solutions in India and global markets."

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