Mutares acquires 80% of Plati Elettroforniture

Mutares AG signed an agreement to acquire 80% of Plati Elettroforniture S.p.A., a European supplier of cable harnesses, from Chinese Deren Group. The transaction is expected to close by June 2019.

“We are pleased to welcome Plati as add-on for Elastomer in our Automotive & Mobility segment and thus lay the foundation for a new supplier group in our portfolio.”mutares.com

• 2 sources
• mutares.comMutares strengthens its portfolio with add-on acquisition in the automotive sector - Mutares SE & Co. KGaAWordPress ServiceMay 27, 2019
• mutares.comMutares completes acquisition of Plati Elettroforniture from Deren Group - Mutares SE & Co. KGaAWordPress ServiceJun 17, 2019

Summarized from public sources; check the original articles before acting on it.