# Kordsa acquires 60% stake in Microtex Composites for $25M

Turkish textile manufacturer Kordsa acquired a 60% stake in Italian carbon fiber composites maker Microtex Composites for USD 25 million, expanding its composites business in the European luxury vehicle segment.

- Type: Acquisition
- Announced: 2022-08-19
- Where: Italy
- Value: $25.0M
- Status: completed
- Products: carbon fiber composites
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Microtex Composites](https://endata.com/companies/33625.md) (target)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5267398/kordsa-acquires-majority-stake-in-italian-carbon-fiber-specialist-microtex-composites), 2022-08-19: "The acquisition will allow the company to expand its composites business within the European luxury vehicle segment market"
- [etextilemagazine.com](https://www.etextilemagazine.com/kordsa-acquired-italian-microtex-composites-company.html), 2022-09-20: "Kordsa’s acquisition of Microtex Composites is a very important step in opening the products we developed in our country to the world market."

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