# 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.

- Type: Acquisition
- Announced: 2019-05-27
- Where: Madone, near Bergamo, Italy
- Status: announced
- Products: cable harnesses, automotive cables, connectors, PVC extrusion, electromechanical assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [Plati Elettroforniture](https://endata.com/companies/39592.md) (target)
- [Deren Group](https://endata.com/companies/39593.md) (partner)

## Sources

- [mutares.com](https://mutares.com/en/mutares-strengthens-its-portfolio-with-add-on-acquisition-in-the-automotive-sector/), 2019-05-27: "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](https://mutares.com/en/mutares-completes-acquisition-of-plati-elettroforniture-from-deren-group/), 2019-06-17: "Mutares has completed the acquisition of 80% of Plati Elettroforniture S.p.A. from Chinese Deren Group."

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