# Autoneum acquires automotive business of Borgers Group for EUR 117M

Autoneum has signed an agreement to acquire the automotive business of Borgers Group for an enterprise value of EUR 117 million. The transaction is expected to close in April 2023 following antitrust clearance.

- Type: Acquisition
- Announced: 2023-01-09
- Where: Bocholt, Germany, Germany
- Value: $125.0M (117.0M EUR)
- Jobs: 4,700
- Status: announced
- Products: textile acoustics protection, insulation, trim, wheel arch liners, trunk liners
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Autoneum](https://endata.com/companies/15064.md) (acquirer)
- [Borgers Group](https://endata.com/companies/67736.md) (target)

## Sources

- [autoneum.com](https://autoneum.com/news/autoneum-takes-over-the-automotive-business-of-borgers-group), 2023-01-09: "The acquisition of Borgers is based on a sound and convincing industrial logic."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/autoneum-to-acquire-automotive-business-of-borgers-group/), 2023-01-09: "The acquisition of Borgers is based on a sound and convincing industrial logic. The technologies and product portfolios of the two companies complement each other ideally."

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