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Gentherm to acquire Alfmeier's automotive business · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

May 4, 2022ACQUISITIONTreuchtlingen, Germany, Germany

Gentherm to acquire Alfmeier's automotive business

Gentherm has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Präzision SE, a leader in automotive lumbar and massage comfort solutions, for an undisclosed amount. Alfmeier generated €232 million in revenue in 2021.

Status

Announced

Productsautomotive lumbar and massage comfort solutionsvalve systems

CompaniesGentherm acquirer Alfmeier Präzision SE target

Sectors#Automotive Components

“Gentherm ... announced today that it has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Präzision SE.”ir.gentherm.com

1 source
ir.gentherm.comGentherm to Acquire Alfmeier’s Automotive Business, An Innovative Market Leader in Automotive Lumbar and Massage Comfort Solutions | GENTHERM INCORPORATEDMay 4, 2022

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

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