Autoneum is to acquire Chengdu FAW-Sihuan Interior Parts, a Chinese automotive supplier of parts for acoustic and thermal management.

Together with the recently completed acquisition of Jiangsu Huanyu Group, this will further expand Autoneum’s customer base to include major Chinese vehicle manufacturers such as FAW-VW, FAW-Audi, FAW-Toyota and Geely.

With around 30 million light vehicles produced annually, China is already the world’s largest automotive market and with an expected increase to 31.5 million cars by 2030 it is also one of the most important growth markets for the industry.

Established in 2011, Chengdu FAW-Sihuan Group operates four production facilities with around 240 employees in the immediate vicinity of local automotive manufacturers across China.

Chengdu FAW-Sihuan Group’s product portfolio is very similar to that of Autoneum and includes components such as floor insulators, wheelhouse liners, trunk trims, inner dashes, hoodliners and outer dashes.

In the 2024 financial year, Chengdu FAW-Sihuan Group generated a preliminary revenue of around CHF 27 million, with strong growth projected for the coming years.

 The purchase price is around CHF 16 million (excluding cash and cash equivalents and debt) and closing is expected in July 2025.

“By adding further local Chinese car manufacturers to our customer portfolio, this latest takeover, together with the acquisition of Jiangsu Huanyu Group, will bring us even closer to our medium-term target of generating twenty per cent of group revenue in Asia,” said Autoneum CEO Eelco Spoelder.

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