Autoneum's acquisition of Borgers Automotive in 2023 significantly boosted its revenue and profitability, positioning the company for sustained growth in the sustainable automotive components market.
Target Information
Autoneum, a leading automotive supplier, achieved remarkable financial performance in 2023, with revenue increasing by 27.6% to CHF 2,302.3 million compared to the previous year. This growth was driven by significant inorganic growth through the acquisition of Borgers Automotive, which positively contributed to earnings in its first year. Additionally, Autoneum's strategic initiatives resulted in a turnaround for its Business Group North America, further enhancing its financial metrics.
The company reported a net profit increase of CHF 50.2 million, totaling CHF 61.1 million for the 2023 financial year. The Board of Directors proposed a dividend of CHF 2.50 per share, in alignment with its longstanding dividend policy, reflecting a commitment to returning value to shareholders.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Switzerland
The Swiss automotive industry has shown resilience following a challenging period, with the global automobile production volume rising by 9.7% in 2023. This recovery is primarily driven by regions such as Europe, Asia, and North America. Autoneum benefitted from this positi
Similar Deals
Autoneum
invested in
Borgers Automotive
in 2023
in a Other deal
Disclosed details
Transaction Size: $109M
Revenue: $2,545M
EBIT: $99M
Net Income: $61M
Equity Value: $101M
Multiples
P/E: 1.7x