- Leading European supplier of decorative surfaces for premium automotive interiors
- Add-on acquisition for Matikon to strengthen the Automotive & Mobility segment
- EUR 200 million turnover in financial year 2024
- Closing expected in the second quarter of 2025, subject to regulatory approvals
Munich, February 26, 2025 - $MUX (+3,1%) Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co, Ltd, a subsidiary of Ningbo Huaxiang Electronic Co, Ltd ("NBHX"). The transaction strengthens Mutares' Automotive & Mobility segment and will complement the Matikon Group within Amaneos as an add-on acquisition. The transaction is subject to customary approvals, in particular from the Chinese government, the Board of NBHX, the shareholders of NBHX and merger control clearance. The transaction is expected to close in the second quarter of 2025.
NBHX Trim Europe is a leading European supplier of decorative surfaces for premium automotive interiors. The company develops and produces interior components from a variety of materials, including aluminum, wood, carbon, leather and injection-molded plastics. Headquartered in Bruchsal (Germany) with additional production facilities in Rolem (Romania) and Abergavenny (UK), the company generated sales of almost EUR 200 million in 2024 and employs around 2,000 people.
Johannes Laumann, CIO of Mutares, comments: "With the acquisition of NBHX Trim Europe, we are strengthening our Automotive & Mobility segment specifically in the area of interiors. We see considerable synergies with Matikon and expect to be able to exploit the significant synergy potential to increase operational performance through the use of our Mutares Operations Team. This add-on acquisition is a significant step towards expanding our global footprint in interior applications for the global automotive industry."