Autoneum has agreed to acquire Chengdu FAW-Sihuan Interior Parts Co., Ltd., enhancing its presence in the Chinese automotive market and expanding its customer base among local manufacturers.

Information on the Target

Autoneum has entered into an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., a key player in the automotive supply sector specializing in acoustic and thermal management components in China. Founded in 2011, Chengdu FAW-Sihuan operates four production facilities and employs approximately 240 personnel, strategically located near prominent Chinese automotive manufacturers such as FAW-VW, FAW-Audi, FAW-Toyota, and Geely.

Chengdu FAW-Sihuan's product offerings closely align with those of Autoneum, featuring essential automotive components like floor insulators, wheelhouse liners, trunk trims, inner dashes, hoodliners, and outer dashes. For the 2024 financial year, the company achieved a preliminary revenue of around CHF 27 million, signaling robust growth prospects in the coming years. The acquisition price for this agreement is set at approximately CHF 16 million, excluding cash, cash equivalents, and any debt obligations, with closing anticipated in July 2025, subject to the necessary regulatory approvals.

Industry Overview in China

China is recognized as the world's largest automotive market, with an annual production of roughly 30 million light vehicles. This figure is projected to rise to approximately 31.5 million vehicles by 2030, affirming China's role as