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Manuel Champalimaud group acquires Novares European bezels & clusters business · Endata

◂ Announcements

Dec 5, 2022ACQUISITIONLeiria and Vendas Novas, Portugal, Portugal

Manuel Champalimaud group acquires Novares European bezels & clusters business

GMC and Novares agreed on the sale of Novares' European bezels & clusters business to the Portuguese group. The acquisition includes two factories in Portugal and an R&D centre, subject to approval by the Portuguese Competition Authority.

Status

Announced

Productsdecorative plastics and interface partsinfotainment, instrument clusters, climate controls

CompaniesNovares target Manuel Champalimaud group acquirer

Sectors#Automotive Components

“Manuel Champalimaud (GMC) and Novares have reached an agreement for the sale of the Novares European bezels & clusters business to the Portuguese group.”just-auto.com

1 source
just-auto.comManuel Champalimaud group acquires Novares unit - Just AutoGraeme RobertsDec 5, 2022

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

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Novares expands Shenyang plant with 15 new production lines
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Jan 27, 2020EXPANSIONTogliatti, Russia, Russia130 jobsops May 2020
Novares opens first Russian engine-components plant in Togliatti
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