STS Group acquires Brazilian plant of Autoneum

The STS Group, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), acquired a production facility in Betim, Brazil, from the Swiss Autoneum Group. This recent acquisition falls in line with STS’ growth strategy to further develop into a leading global supplier.

STS has acquired a plant from Autoneum in Betim, Brazil, with 90 employees. STS will continue to supply the current client base. In addition, all existing key customers of the STS Group have production facilities in Brazil. Therefore, STS expects a strong potential for growth in the recovering Brazilian market and plans with mid-term revenues of EUR 12m.

Through its organic growth and the recent acquisitions from Autoneum, Plastic Omnium, and Mecaplast, STS becomes a global automotive supplier. The group develops and produces interior, exterior, and NVH parts for light to heavy commercial vehicles as well as for passenger cars. STS will generate revenues of EUR 400m with 2’700 employees in 16 production facilities spanning across four continents. The product portfolio perfectly complements itself and allows for a great number of synergies and cross-selling opportunities.

The acquisition of the Brazilian plant is already the second transaction of the mutares Group with Autoneum. The Italian branch of STS was taken over from Autoneum in July 2013 and has developed outstandingly. The reciprocal trust between Autoneum and mutares allowed for a highly cooperative and exclusive transaction process.

Company profile of Autoneum

Autoneum, with its headquarters in Winterthur, Switzerland, is the globally leading producer of vehicle acoustics and thermal management systems. The company is listed on the SIX Swiss Exchange (ticker symbol AUTN).

Company profile of STS Group

STS develops to become a global supplier to automotive industry. The know-how in acoustics for cars and commercial vehicles developed over decades. The carve out in 2013 created the independent business of STS-Acoustics. In 2015 a plant in Poland was founded and in 2016 two plants in France were acquired, strengthening the business for commercial vehicles. In 2017 STS Group AG was established to set the fundament for further growth with a focus on soft trim and hard trim parts for commercial vehicles worldwide.