# Autoneum to acquire 70% stake in Jiangsu Huanyu Group for CHF 75M

Autoneum signed an agreement to acquire 70% of Jiangsu Huanyu Group, a Chinese automotive supplier of acoustic and thermal management components, for about CHF 75 million. The transaction is expected to close in March 2025.

- Type: Acquisition
- Announced: 2024-11-19
- Where: China, China
- Value: $85.0M (75.0M CHF)
- Status: announced
- Products: carpets, inner and outer dashes, headliners, trunk and interior trim, wheelhouse outer liners, insulation for engine bay and underbody
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Autoneum](https://endata.com/companies/15064.md) (acquirer)
- [Jiangsu Huanyu Group](https://endata.com/companies/81142.md) (target)

## Sources

- [autoneum.com](https://autoneum.com/news/autoneum-acquires-majority-shareholding-in-chinese-automotive-supplier-jiangsu-huanyu-group), 2024-11-19: "Today, Autoneum signed an agreement to acquire 70 percent of the shares of Jiangsu Huanyu Group, a leading automotive supplier for acoustic and thermal management in China."

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