# Mutares acquires Innomotive Systems Hainichen from Chinese state-controlled enterprise

Mutares SE & Co. KGaA signed an agreement to acquire Innomotive Systems Hainichen GmbH, a manufacturer of automotive door hinges, from a Chinese state-controlled enterprise. The company has revenues of approximately EUR 120 million and closing is expected in Q4 2021.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Hainichen, Germany, Germany
- Status: announced
- Products: door hinges, hood hinges, tailgate hinges, lid hinges
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Innomotive Systems Hainichen](https://endata.com/companies/57121.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/ninth-buy-side-transaction-in-2021-mutares-acquires-innomotive-systems-hainichen-gmbh-from-a-chinese-state-controlled-enterprise/), 2021-08-16: "Innomotive Systems Hainichen offers numerous synergies within the existing portfolio, especially with KICO, bringing the companies to become a truly world-wide provider of car components."

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