Swiss automotive supplier Autoneum has agreed to acquire France's Trèves Group, a supplier of acoustic and thermal insulation, for an upfront €40 million, with potential earn-out of up to €24 million. The deal is expected to close in early Q1 2027.
Autoneum Management Ltd signed an agreement to acquire Trèves Group, an automotive supplier specializing in acoustic and thermal insulation, for an upfront consideration of about €40 million (total consideration ~€64 million). The deal is intended to strengthen Autoneum's position in automotive acoustics and thermal management.
Autoneum will acquire Trèves Group, a supplier of automotive acoustic and thermal insulation solutions, for an upfront consideration of about EUR 40 million plus a potential earn-out of up to EUR 24 million. The acquisition is expected to close in early Q1 2027.
ACI Groupe announced the acquisition of JTEKT's hydroelectric pump business in Europe, including the Blois production site and the Chennevières-sur-Marne technical centre. The business will be renamed ENERFLUX and integrated into ACI's Engineering to Product unit.
Chinese appliance group Hisense Home Appliances will acquire 75% of Sanden and inject 175 million euros of capital, with the shareholder change to be approved at the May 7 shareholder meeting. Sanden's only French plant is in Tintenia near Rennes.
Chinese group Hisense is set to acquire 75% of Japanese compressor maker Sanden via a share issue worth about 21.4 billion yen (about 178 million euros). The process is to be finalised at a shareholder meeting on May 7, and affects the Tinteniac plant in France.
Hutchinson has taken a majority share in TCSA, a joint venture with MANN+HUMMEL in Laval, France, making thermal management and cooling systems for EV and HEV vehicles. The unit employs around 60 people and is already operational.
Faurecia acquired exclusive access to intellectual property and process know-how for composite hydrogen tanks from Stelia Aerospace Composites, to develop high-pressure tanks for fuel cell electric vehicles.